RE:RE:RE:RE:What Else Could Go Wrong With This POS ?The short position increased which means they feel its going lower, covering will occur but not until after they announce the next round of bad news (aka divy cut) and the stock drops into the 8's.
Accountprince wrote: Short position of 16.7 million at Nov 15 when it closed at $10.60. As you say volumes now lower. Share price ready to rise. Shorts will need to cover with shareholders selling less. Thus the "boogie man" campaign to hold it down and try to scare it even lower while they cover.
This stock fell from $15 to $10 over 3 days. The news didn't warrant that large a fall. Yes interest rates up but for how long? A year? When inflation tamed they will drop interest rates and AQN back where it started. They will drop interest rates because the economy can't sustain this level of interest rates. Seen this movie before.
A one-third long term price drop because interest rates are up for 12 to 18 months? Very dramatic. You can believe what you want but this is one to accumulate now likely up to $12 a share. Newbie here and I'm buying.