clubhouse19 wrote: cashflow98 wrote: cashflow98 wrote:
https://www.fdanewsalert.com/nobilis-health-corporation-nysemkthlth-sellers-covered-20-24-of-their-shorts/8512394/
/// Those who have not covered yet will see that the smart money has moved to cover in the last 2 weeks and get on board. IMO, NHC will surge in the next 2-3 weeks leading up to earnings and an accretive acquisition to be announced shortly by mgmt. GLTA and Happy Family day !!!
As I mentioned in a previous post, the short interest with all the negativity ,even though most was manufactured, will be methodically be covering there short positions. The company whether purposely or not, has given them all the ammunition they needed to do so and for now, there is no buying incentive until the next financials are out.
they covered while riding it up to 3.50 or so and then shorted it back down with fewer shares than when they rode it up.
IMO, this will be wash, rinse and repeat until they feel they have soaked as much as they can out of this.
you could have seen the short position decrease, but is suspect that 1/2 of that decrease was added back on in the last 2 weeks or so.
No big take over deal can be made with the SP at this level...so just small ones will be in the works. The company will not go after the shorters, IMO CL may have had good intentions at the time, but reality will be that the company just cannot afford to waste the money. Too bad that they put themselves in this position, likely because of them being naive more than anything else.
I have a core position but certainly will be participating in the trading patterns of the shorters as they take their time to methodically cover.