I am guessing those 56 million shares were probably short from 11.00 range. 2 years ago they ran this thing up to 18 in the summer and by this time it was at 7.
As I said in my Dec 2 post it was going to drop a lot lower. It does this every year for the last 3 now. No reason, it just does Can't fight the big guys. Will start my buys in the 6-7 range. GL
I can't remember ever that after MM talked that this thing wasn't assaulted to death. Maybe, just maybe the tides are turning for the longs. Seems to be holding its own today nicely. GL
I have played this stock for years. Very cyclical stock.. I try to buy in the 6's and it always plays out for about 4-5 bucks. Then I wash and repeat. Got reemed when they bought out grey wolf and vowed I would never invest in this again so I trade it. My guess is it will drop a lot more.GL
Doubt he even has a position. Just a pest.
That means nothing in my opinion. Having a huge short interest like we have, why would any true investment firm give it a buy? It's more like roll the dice.