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No one announces 3 months ahead of time that they are going to short a group much less name names. What he just told you was this; Fleck Cap took a leaseback share position in SkyW they must close by 8-21. That date coincidentally coincides with what will be Avago's run-up into earnings and SWKS next catalyst. Shorting SWKS or AAPL going into Christmas is pretty stupid and I'm assuming he's not that dumb, he just thinks that YOU are. This move down is weak and being exercised by a very conservative algorithm. Relax.
You can define it anyway you want...there's not much volume, shorts are stuck and longs are waiting to get longer. Every dip gets bought. If a wrecking crew decides to try and borrow enough shares and knock it down, the stuck shorts (and everybody and their brother) will run it right back up just trying to get on the right side of the trade. It's been like this since $22 and with close to 80% institutional ownership the writing is on the wall...This isn't consolidation, this is doom just waiting to happen. So LOL right back at ya' you condescending #$%$.
This is not a consolidation, this is just trading and not very much at that. The next catalyst IS the next leg up. It will probably happen between OPX and Raymond James but one more push down to 79-78 with volume spike 5-6 million would be sweet.
They held it down and volume has been thin....everyone is waiting for someone to blink.
...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.