Absolutely I just covered my shorts a few days ago at $42.25 (was shorting from near $49). I figured it was getting close to a bottom even though I was looking for near $40 not greedy. What I don't understand is after the oil numbers today oil is up about $1.00 now. These traders are ignoring the fundamentals for now hoping that supply will get burned off. Soon there will be no place to store it then what? I think CLR will be near $50 by mid to late April.
I'm still long until later this year but I have never seen a case that has taken this long to figure out the books. I would guess they are using accounting majors from colleges.
I agree a lot of what you say but I would guess that about half of the fast food and restaurants that you and I eat in have contaminants, mice droppings and just plain stuff that should not be in items on the menu and never mind some of the farmers or manufacturers and what some do within their four walls. This unfortunately is about making money on either over or undervalued stocks. If this firm bothers you there are thousand of others to invest in. Whether these guys knew we may never find out but how about the bankers and mortgage brokers who basically did their part in wiping out almost everything investors or home buyers had 6-8 years ago. Just my take.
That will eventually happen they have no choice but there will be a real rough patch for awhile. It is going on now with GM and they actually have some of the best cars on the road according to the industry critics.
Possibly SIRI the day of the deadline (and even days before) for defaulting when the shares were under .10. They met their covenants by midnight and 6 years later they closed at $4 today. How about CBS at $3-$4 also 6 years ago now the shares are near $83. Finally REGN between 2003 and 2009 you could have bought at various low points those years. You may end up being right here I believe 12 months from now these shares will be between $65 and $80 if insurance can handle much of the legal problems provided these execs were not aware of the Chinese plants issues and if they can actually prove that the 60 Minutes testing was flawed and that their products actually meet the set standards. They do have a lot of work ahead of them gaining back contactors and customers confidence.
Do the shares ever go higher? It's a shame they have a great name and a horrible model with a CEO who believes her ---- don't stink. I guarantee someone else with a vision would have these shares at $60 instead of having to see how BABA trades each day.
Down $10 in 2015. I have some leftover garden equipment I'd be willing to sell to Yahoo as a nice tuck-in for their landscapers at the headquarters....say $2 billion.
Strasser he is questioning the testing that CBS did. This guy was right about BBY when the company appeared to be going out of business.
and once yesterday that there were huge blocks on the buy side even in today's pre-market which is very unusual especially for funds to be involved outside of regular hours and even near the daily highs. I got a feeling that some funds are going directly after Tilson which is what they did to Ackman with HLF for quite some time.