RE: future for CLQ?
Yes, Vanmay, Raymond James has first unloaded a substantial position at just less than 2 dollars, and after the fact is reducing its price target to 1 dollar to capture a 100% profit in a few weeks on covering, to compensate for a previous investment that they did at just under 3.75 for their house investors, during the last CLQ financing that benefited the shorting community.
Just the mention of shorters tells me that Raymond James has sold and may be shorting also, and wants to duplicate the horrendous occurance benefiting hedgers in the professional investment ranks. They target such companies like CLQ with their daytrading experience and salivate/rely on poor retail investors that subsidize their misleading dealings by presenting as advisors/analysts.
The trick is to be aware of this, and if you also want to short, to be first rather than last, as last, of course gets the rotton egg. Raymond James wants to lead the way to be first, the reap most of the benefits. Hmmmmm...they released at 1.90 so.....????
Old Fashioned, with all due respect, I hope CLQ does well, as I have over 40G's in this company, and believe it would in the long term, or I would take my money out NOW. Raymond James from the US is a vulcher experienced for the kill to reap the benefits of us poor souls. Either we play the game, or ignore this all together, or call CIBC for the next financing, or short the stock with the hedgers and get the profits when CLQ screams for money. Trading is war in the short term.
We all like to hear the optimists, and I'm relying on them to be right, so are a lot of the pros. I hope we will all through this recovering our investment.