RE:RE:RE:RE:RE:RE:RE:RE:RE:Short interest down to 6,303,868Good post DP. If the stock is down 2-4% every day, it is a tremendous short. Posters who say it is not worth shorting are only serving their own confirmation bias.
Great investors have a tendency to look inwards and expolore their own emotional reaction to the market. They review mistakes in earnest and striving to learn from them to avoid repeating them. Many bagholders suffer from constant self-deception - such as saying, "no possibility of bankruptcy" (even though the market is showing otherwise.) If you see one of your quotes on BagholderQuotes twitter account then you really have to sit up and take an instrospective look at yourself.
If you are telling yourself that "the market has it wrong" "I know better than the market" you are serving your own cognitive bias. The market is always right. All you have, if you are long, are this weeks' losses in front of you as proof of what I am saying. Understanding human nature and mastering awareness of your own biases trumps all else in being successful at self-directed investing.
DeathPool wrote: There you go again, lumberfeverlong, giving shorts advice on "better opportunities than CXR".
This stock is down 2% - 4% (today) and that is amazing !!!! I personally can not think of a more consistent short relative to other dumpster fires.
If you actually follow the prescription data you may have a less optiministic view of Q4.
Lumber, I don't think you understand the capital structure of this company based on your statements.
"This company is not going bankrupt for many months" is not a good bull thesis.
Lumberfeverlong wrote: And 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