RE:RE:5.2million more shares to disappear!!Few things:
there still appears to be 2-4 million shares shorted. considering the trajectory of this sku is nothing but higher going forward, especially with almost 10 million shares to disappear, those share owners will want to get out of the stock at a lower price. they will do anything to manipulate the market and drive down the price to minimize losses (the exact same thing happend last time the shares were bought back. there was downward pressure on teh price as short sellers exited their position).
that being said, from an investors point of view, you wan the shares to be as low as possible right now as the company buys back the 5.2 million shares. since they are limited to 87K shares a day, you wan the shares to remain low so that hte company doesnt spend as much money buying back shares. you dont wan them buying back at 60 dollars. i think they wll end up buying at an average lower than 40 and at that point you will see another significant jump in prices. once they do that, if they announce a dividend, shares will easily clear 60-70, considering they will have almost half the shares they had 2-3 years ago now.