I think the company may counter this announcement (knowing Ackman) with an announcement of the new CEO. I am not a Bill Ackman fan but he does act swiftly. We will see... jmho
This is very low in comparison to other stocks. Stop saying short squeeze! This will rise on new buyers and not a short covering. Please do your homework so you don't look stupid.
$38 may be in the books today
not too many new shorts at the $30 level except some retail shorts, imo. There will be margin calls starting Monday (3 day rule for small retailers). The real covering will begin around $55 when we took that last huge leg down. I truly believe this stock will see $100 by end of May. jmho
I think $40 is possible..
I didn't think it was possible so quickly but there will be a ton of shorts trying to get out tomorrow and new longs trying to get in. Also, will Moody remove their credit watch?
Great news and more coming in the next week or so.
Maybe $50 is in the cards by next Friday.