Comment by
ZeroIzzue on Oct 20, 2016 10:01am
Good call, good thing to have covered before close yesterday. Lets short another day
Comment by
Craigbad on Oct 20, 2016 10:02am
It would be hard to imagine people who have been short since $30-35 and rode the ups and downs since then getting worried at this point. Many shorts, like myself, have long term positions and have a pretty good idea what next year will bring.
Comment by
visionaryfool on Oct 20, 2016 10:10am
I hear ya Craigbad. One thing I don't understand though... if you're short form say $30... its not at sub $5, if I were in that position, I would've covered, taken my profits on better things no? Just seems like a big risk to keep riding it down.
Comment by
Craigbad on Oct 20, 2016 10:21am
I still see further downside and closing my position would trigger a huge tax bill this year. For the same reason this is a big tax loss selling candidate, the opposite is true for someone with a large gain on a short position. Some may scale out depending on their year, but I doubt there'll be a huge squeeze, depends on the churn though.
Comment by
ConfidentDD on Oct 20, 2016 9:05pm
Agree with you Craig. Who ever took the notes likely didn't do it because they had share positions that they cared about more than they cared about strengthening their debt positions and/or adding - for the opportunity to take more in bankruptcy protection. Who knows what the street dealt out among them. If Cinven had a say, they would take the payments and walk away from their shares.
Comment by
Juice004 on Oct 21, 2016 3:16am
Just seeing this post now and your spot on capmorgan about craignogood! He's greedy and is probably following Lattice around trying to figure out what his next move should be. What's the debt to EBITDA again? lol [/quote]
Comment by
capmorgan on Oct 20, 2016 6:54pm
I just dont get it Craigbad ,you've been riding this thing short from $35 to sub $5 , and you're taking a chance on the last $4.75? Tha's the definition of pure greed, and I hope it bites you in the a$$ nbsp;