RE:Taking it in the ChinThere has been a long squeeze ever since Q2. When debt to ebitda target went to 6.4 it squeezed out most conventional funds. The new notes now drive it over 7 and totally screwed value managers who took a stab at it. They wont be re-entering anytime soon imo. Thats why short interest coming down, its playing out better than expected due to managements actions.
ryehigh2014 wrote: Market seems to be pricing in bad earning expectations or something might have leaked.
Note: I am a bull