To date... Farmwald has been wrong on all of his predictions. Why would we believe him now? He is desperately trying to stop the bleeding on his short position. That is the bottom line. He is full of lies and deception.
Agreed... mid 5s in the near term is definitely in play. From a purely technical standpoint this stock is set to break through 5.50 on the next leg up. And when the Short Squeeze kicks in we should see some very aggressive movement to the upside... towards 10 PPS.
hmmm... not too sure about that. :) Do you understand the concept of a "short squeeze"? It has yet to happen for this stock. Last I checked there was over 23 million shares short. I hope you are one of them because you are going to get blasted. :) Sorry for your loss in advance. :)
Can you imagine what a 23 million share short squeeze will look like. :) For those of you that are not familiar
with the short squeeze concept... it occurs when the short sellers cover their positions aggressively. All of those 23 million shares will be bought back (purchased) as part of the short cover process. Imagine the positive effect on Parker's PPS with 23 million shares of buying!! Simply awesome!!