RE: you guys are d umb Deac and John....dumb and dumber.
Never before has bankruptcy felt so good Deac...had I only known sooner, I'd have gone there 20 years sooner.
As for covering at 2.20. Uuu ran from 2.05 to 2.60 on a bad earnings result. Shorting is not to be done lightly, especially when a stock can be manipulated like this one. I am a conservative trader....covering at 2.20 from 2.60 (which was said to be a risky short at 2.60..lol..funny now eh) was an easy 40 cents.
I'll short it again after earnngs, if there is any sort of 3 day pretend rally like last time....as will others. I fully expected a new 52 week low, which made the intrm run to 2.60 all the funier. But thats how cash is made.
Switching to long in the face of a december tax selloff is going to take a low buy point for me. Janurary would be rosier, but no way I'd start a position now at 2.02, pre results.
Those holding should hold.
I'd let you wash and wax my car Deac for some fun money, but you likely have no experience around world class cars.