Being short has def been the way to go. This company has shot itself in the foot just like sinewavepattern & others have posted. Was just curious if you guys were benefiting. And still saw much downside. Or were covering in the $6's
No short shares available at TD Ameritrade. Wish I was short! Just don't see how the stock can do anything but drop when they report the same revenues and backlog as last quarter...when the stock was $1.50. Only difference is the headline earnings number is going to be much uglier this quarter. Last time it was .05/share. This time it will be a loss.
Things can't be that bad. So you bought 10% higher. That's a small loss. Hope it works out on earnings. But the headline number will be a loss. And if they're seeing any weakness in China, stock will be down 20% tomorrow.
Why would you be buying a bunch AFTER the stock has made a huge move up? There's a lot of good news priced in. Hope they deliver after the bell. I have a feeling the stock will be down rather sharply tomorrow.