RE:RE:RE:RE:Short thesisLETTUCE...The management is doing their job....and you fail to remember that MT did not chase after the chicken farmer.... but the other way around....when analysts with no credibility put out false information , then they have to be called out.... they don't have to account for anything they say.The chicken farmer will, in time face reality , and he will not only be waiting on MT with a dress , but he will be serving up roasted chicken... they should charge an enterance fee to watch.
Lattice wrote: CN, I would say that the people on this board should worry less about what "the shorts" are doing and more about what management is doing. I say they should run their business hard and not chase after chicken farmers. The short interest is uunflinching with a timeframe of 6-12 months. If you think that seeing a bounce in the last week of May means they should run for cover then you do not see things through the same prism or understand the courage and conviction it takes to be short. If by some miracle that Thompson manages to sell the company (and I don't believe it, but miracles do happen) then they will be wrong. And you will be right. glta.
CNInvesting wrote: I knew you'd say that Lattice. I just want to point out that we don't know when the shorts increased ( only by 400,000) their interest in the second half of May. If I were short CXR, seeing that the price was actually going up in the last week of May, I'd want to cover ( especially with the possibility of a TO materializing ). Look at the chart on June 2. The first article conveniently came out to ''build hype'' and then the second article to ''crush hype'' hours after. All those buying in hope of a buyout fled, creating a big amount of shares available for shorts to cover at a lower price. It was at roughly 25$ USD at the bottom, and right after we saw a huge spike of 2.4 million shares bought, followed by even more buying. The price as been declining a little since then, but there's always buying in the mix which could very well be shorts covering at these low prices, with the sentiment also at a low, but spreading the volume in multiple trades so as to not make it obvious.
...Since you don't know if KKR increased their stake since Q1, and since I think shorts began covering
en masse, I'll say this arguing will go nowhere. I hope though that your money is where your mouth is.
Lattice wrote: CNInvesting wrote: So basically, everybody is missing the obvious fact that CXR is a giant scam, including renowned funds who invested hundreds of millions combined and are about to lose their money. KKR also made a huge blunder when they increased their stake by 425% in the first quarter. Thankfully we have the shorts who know more than all of us investors in CXR to tell us how bad a company it is and how it will go bankrupt sooner than later.
CN, 68% of analysts had Valeant rated as a "buy" on the day that it exploded and sent shock waves through the world (I have never seen a large cap go down like that 52% in one day, even Enron on fell 30% and had a dead cat bounce the next day). And funny thing is, I think there is an analysts still out there that has a $200 day target on Valeant right now. I believe that Valeant is a donut, as it will go according to forensic analysis to low teens, bondholders will get a haircut and commons will get zilch. Today they were forced to put Anoun for sale in Egypt.
... And you don't know if KKR has sold since they disclosed their Q1 March 31 position. Looks like the Harvard guy on Valeant fuccked up too. Hope he has a lot of Zoloft to medicate himself with.