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Tuesday, May 22, 2007 3:30:50 PM
Anyone remember a week or two ago when I said to keep a close eye on Medifast because of the heavy shorting that was going on?
Well, turns out they missed their numbers so the earnings was a big non-event. The stock went down a little bit and life went on.
Today on NO NEWS the stock jumped almost 10%. Anyone want to take three guesses as to why that might have happened (and more importantly, what that has to do with BDGR)?
Short term panic of the shorts can be a nice exit strategy for those who are tired of the BDGR ride.
We have to keep challenging the shorts and challenging Lanza to give us what we need here. But there is hope.
Stay tuned!
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