OTCPK:JENGQ - Post by User
Comment by
truestaron Jun 17, 2014 8:02am
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Post# 22665709
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Joyce bought more today.......
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Joyce bought more today.......Slick works for a shorter - he jumped in when the shorting started. Shorting is big business with very smart and ruthless people behind them. The problem is that there aren't a lot of sellers now except the shorts - people like you and I and many others have decided to hang in. If it does go to 5, buy more as the divy will be 10 points. Shorts live off of panic and fear, unless there are real fundamentals to dictate a fall, and in reality the 100%+ Divy were bad fundamentals - that is gone now and once the water heater deal closes the debt/euity/EBITDA ratio is also corrected, so there really isn't a lot more to short. My instinct is that there is a go private movement as the company spins of a lot of cash and a private equity buyer could reduce the interest rate, and further take advantage of the cash flow