RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ONE WOULD HAVE TO BE A FOOL TO BE LONG HEREIt will teach a hard lesson about ignoring facts, and hopefully people can recover from it over time. But knowledge gained may prevent future mistakes. The minute management announced they are targeting 6.4 debt to ebitda, it made it untouchable for most funds initiate a position. The only thing that has held the shareprice up imo is shorts who covered expecting to short again higher on the bounce that never came. It was entertaining when the stock was $12-13 and there were shorts who went long, expecting the gap down to fill up to around $20. The market is forward looking and the future isn't real bright here.
LaticelnExile wrote: Craigbad wrote: This is the kind of investor Cxr is attracting now. Newbies who pay a borrow fee to their brokerage to short shares they actually own! Lol
Most funds can't buy this 6.4 debt to ebitda dumpster fire, so you have to get your investor base somewhere eh! This just keeps getting better!
patenright11 wrote: most brokerages dont even allow one to be both long and short same stock
I wish no ill-will for people but that is more frightening than the post by adamchess.