RE:RE:RE:RE:RE:RE:RE:Short interest down to 6,303,868And there are much better shorting opportunities than CXR at these levels. No one has visibility on earnings going forward. Any momentum on that front will have to wait until Q4 ER or later. Any positive developments on that front will make this stock a very good risk/reward story for longs from these levels and a horrible risk/reward opportunity for shorts from here. Again, company has sufficient cash to operate for many months without having liquidity issues no matter what Chicken Farmer tweets!
All pigs get slaughtered eventually!
Craigbad wrote: Yes I believe Lumber was saying smart shorts are covering since the stock was $30 or $40 bucks. He's a true expert on the matter! Lol
Technicals are horrible, there is no earnings momentum, debt worth more than the assets and I expect further writedowns/ heavily reduced cashflow. Not many funds look at putting client money into a company on the basis that it might not go bankrupt this year, shockingly there are much better risk reward opportunities out there.
DeathPool wrote: Now lumberfeverlong is giving lessons to the bullboard on short covering. LMFA!!!!
I thought I had heard it all by the Big Bagholder.. but he never ceases to amaze me