...you know, the fat guy sitting in the rear with the stained dingy graying T-shirt with the big mouth who really has nothing to say but wants to try and stir-it-up anyway. It's embarrassing to be near. It's ok to short but could you have a little class about it...why look at it like it's a contest? Some free useful advice; if you get the chance to cover @ 75 you better take it.
...and always did it when the shorts were at their most vulnerable. All indications are that this last quarter was huge and these guys are known for sandbagging then releasing the wolverines to feast. What we know for sure is that Every dip WILL BE BOUGHT...earnings will beat...guidance will be above expectations....dividend will be raised....buy back will be increased...and shorts will continue to get burned.
OPX next week and the options writers are not at all where they expected to be so prepare for more volatility. Meanwhile, today is the last day shorts can cover before having to pay the .13 div which isn't much but could help today's close. Be patient. We're at a solid $65 by Christmas.
They had SWKS at a miss (.90) I'm pretty sure the shorts route these inaccurate reports through channels that can't be legally touched. By the time everyone figures it out they've already closed-out all the stops they could get their hands on. Reuters is totally irresponsible so most come through them. As far as IBD, there are no accidents. Someone should lose their job.
Tomorrow should be interesting. CNBC never mentioned SWKS tonight so there was no confirmation one way or the other (at least I didn't hear them). Tomorrow will be a different story. The shorts got hosed two weeks ago so there will be a battle. If they manage to get it anywhere near $60 I'm adding. Good luck
On schedule or maybe a little a head. The "big" short should be mostly covered by now, the little ones who decided to jump in are about to learn a valuable lesson.
To me it looks the shorts are working on a death cross here so be careful. I think the reason it went up on the 16th was the shorts using the .48 bounce down to cover, as odd as that seems. Keep in mind GRMN has been crushing earnings and the end of the quarter coming. They will have to cover to cash in and put it on the books. That to me are 2 catalysts to take this up but probably temporary.
I think the last date of record was 6-6 and the stock price went up^ from there but I don't remember if there was another catalyst. This week is more about OPX imo.
The Garmin wrecking crew got caught short after a stellar earnings call and then are forced to scramble against all logic to try and hold this down for a couple days. What a present @ 54