RE:RE:To the shorters posting $3 targetHamSandwich wrote: onward1 wrote: Aside from it being silly, made up "target", think about it for a moment: it would mean the downside is a couple of dollars compared to the potential upside which would certainly be greater. When it comes to risk/reward trade off going forward, I like my bet on the long side.
Based on logic like that you should go put your life savings into pennystocks
lol. Heard the same arguments when the stock was over $20 telling me "shorts have to cover". If i see 100% downside from any price, I'll stay short. When a bag of debt ends a strategic review by adding another bag of debt after deferring payment on an asset that should have been able to pay for itself things must be pretty dire. The companies actions speak louder than their reduced guidance.