Seriously. This symbol came up in a screen I did because of the dividend which got me interested, but holy smokes, after researching it looks like a guaranteed short. Granted, I only found it about a week ago so most of the short money has been made and I didn't actually short, but what is the plan here? Hopefully Voyce isn't supposed to be the savior.
I thought I had the year locked up already, but I double checked and found out I was wrong. So, here's one long who doesn't have a finger on the trigger just yet. Hopefully the shorts hold out for another couple of weeks.
Nice work Dbtunr.
The only thing I worry about at this price, short of macro econ problems, is that I'll be caught waiting for the short squeeze that long after this peaks in the short term simply because of how ridiculous that day was in 2011. The dump and buyback later was such a satisfying trade, I think I'm stuck on the idea it will happen exactly the same this time around. I guess there are worse dilemmas though, and I love the move into Asia.
Does this mean no one thinks it's worth their time? Also, I'd love to know how much money the original consortium had slapped together and whether the company can go back after that bidder with a significantly reduced offer.