Shorts are ramping up to pull NQ down but NQ will not be kept down. Friday afternoon shorts will be tripping over themselves to get out. It's pretty sad when the only consistent theme with Muddy Waters is how inconsistent his points were.
His hired shorts for pennies for post were over paid and ineffective, however they were consistent.
Don't look for buyout near term, NQ is on an position to increase exponentially in the next 3 yrs. buyout would be considerably higher then thought. Once large partnerships are complete and establish then buyout possible.
In time shorts won't be able to control upward momentum!
Many factors as well as CNBC release this morning on Soda consumption reductions. Sentiment is changing to the downside near term and will take SODA to Mid-forties. Believe it or not but it's happing as I type. Soda will recover but it will take a few quarters if they make the right moves.
Audit will be timed with NQ news releases. You need to remember, NQ requested the audit to validate the financials they control when they will be released and the timing as such. Unlike the SEC who who do the audit and release on SEC time frame.
NQ knows this audit is clean and will use the report to further it's position. The negative bashing has brought to light NQ as a company and the purported false financials. NQ will use that media attention and results to show the significance of the company. Many investors didn't know NQ existed until report came out and attention on media now they know and will be watching.
Did you see the % GMCR went up from low after attack ? High was 115.00 low after attack was 15.00. Now one year later 71.00+ with upgrades. Watch NQ do the same except with one difference, it will be hitting all time highs in near future and won't look back.
Those in the know , know that this is an early Christmas present!
Einhorn said GMCR was going to (0) just like Carson Block with NQ. The only difference Einhorn used a cannon when he fired a shot at GMCR and his argument was plausible. Unlike Carson Block who used a pop gun and could even back up the main points he claimed were fraud. That in itself shows Carson didn't do his research and could not counter when NQ did. All Carson could do was switch to another venue which only brought to light to investors that he really had no substance to his accusations.
What really blew Carson out of the water was the large funds doing their DD and increasing position. Now Carson and shorts will be latching onto one thing going into the 23rd. You are about to see the mother of all squeezes and by my estimation it starts next Friday afternoon. We'll see won't we!
I expect another couple large attempts by shorts to no avail. Shorts will clearly get the message they're time is near. These large blocks don't expect them to let up either!
The audit could still be ongoing, but if it has been completed NQ could be waiting for the most opportune moment. Remember they want to send a message back to the shorts.
I've seen this scenario played out so many times with other companies and longs have always won. The only difference that I have seen in this situation is the shorts case is EXTREMELY weak.
The only impact they are making is on retail investors, Hedge funds are just sitting back harvesting shares. I would also surmise that NQ is taking advantage with the 35 million buy back and picking up a large portion which will come to light in very near future, possibly the 23rd!
This is so funny watching the shorts and the consorted effort to scare longs. We'll see after the 23rd!
As said earlier today shorts posting will increase. Shorts are feeling the reversal in stock is coming fast and will do anything and everything to get you to sell. Don't sell until the 24th or later!