I'm in this stock because a friend asked me for my opinion and I found CVU intriguing and made purchases.
I made money in the past and rebuilt my position.
Why are you following it?
I think you must be a short seller.
"Half a million shares short" is not measly when trading is low and many shares are locked up by insiders and long-term investors.
I've shorted stocks in the past, but avoided small traders because of the higher risks.
I thought that the short position two weeks ago was high at 427,600.
But the new total has risen 12% to a surprising 479,700.
With the stock gradually rising, are shorts calm?
I sold a large number of shares in the mid-teens at a good profit, which left me with a cost of about 7 on my remaining shares.
Recently, I rebuilt my position, actually averaging up.
I expect to make another good profit.
For the record: my average cost basis is currently 9.0272, after substantial additions.
What is the cost basis for your short position.
The first quarter was in line with management predictions.
So far, the stock has essentially held its recent recovery gain.
The bad news is out and already "in" the stock's depressed price.
Short sellers would like to see a collapse of the company and stock.
But that isn't happening.
I suspect that a new contract would send the stock higher and put considerable pressure on the shorts to join in and accelerate the rise.
The current short position is 427,600 shares, a rather large amount for this thinly traded stock.
The shorts and their spokemen on this board obviously look for more bad news.
But if good news comes instead, the stock would be bolstered by the shorts scrambling to cover.
"He who sells what isn't his'n, must buy it back, or go to prison."
This stock has performed poorly in recent quarters, for good reasons, which are well known on this board.
Indeed, the latest short position has risen to an astonishing 427,600 shares!
But recently the price has risen more than 10%.
Is good news on the way?
I call to your attention the April 9th SC 13G/A, which disclosed that AVM Investment Co. owns 931,040 shares.
Are they fools, are they planning a move, or do they know more than the general investor?
Does anybody have any clues as to what these people are looking for?
An excerpt from an SC-13 follows.
(a) Amount Beneficially Owned: Messrs. Marxe and Greenhouse
beneficially own a total of 931,040 Common Shares. This amount includes
219,558 Common Shares owned by Cayman, 641,461 Common Shares owned by SSFQP
and 70,021 Common Shares owned by SSPE.
(b) Percent of Class: Messrs. Marxe and Greenhouse beneficially own
11.1% of the shares outstanding, of which Cayman owns 2.6% of the shares
outstanding, SSFQP owns 7.7% of the shares outstanding and SSPE owns 0.8% of
the shares outstanding.
This board used to known for analysis of the company's fortunes.
Right or wrong most of the notes were worth reading.
The current descent into namecalling is juvenile and should cease!
Obviously, the shorts have done well in recent weeks. I presume the nonsense about doom is to enhance their gains.