Intelsat S.A. (fka INTEQ)

[KOmani]

I am a short term trader on stocks that don't have dividends. Not really looking at the fundamentals a whole lot. (Fundamental changes impact the price for sure, but looking for patterns and trading the technicals after that is where I like to look for opportunities.)

There was over 15 million shares short, and with stock below $16, I think a decent amount will cover even with the uncertainty.

If JP was honest than the current price is a steal.

I am thinking there might be dollar swings up and down at this time. Longer holding shorts will take profits and that's the trade at this point.

Buy $13s and $14s (hopefully not lower) and sell high $14s (maybe $16s). Got to use stops that you are comfortable with and maybe avoid the first 40 minutes of the day which is before most of the institutions do their thing.

Thinking another low $13 test might happen today and if margin calls get nasty may even see $12s.

The shorts will cover here once they rattle a few more.