InvestorsHub Logo
Followers 28
Posts 4332
Boards Moderated 1
Alias Born 09/22/2006

Re: Greencake post# 24

Tuesday, 04/08/2008 7:41:59 PM

Tuesday, April 08, 2008 7:41:59 PM

Post# of 72
Yes, the d/g hurt for sure. The short interest followed on like a pack of hyenas. It's over 15% of the float last time I checked. That's what's driving the price down more than the d/g IMHO. I got out right after learning of the downgrade because I knew the shorts would smell blood. I've learned the hard way not to get in their way. I think the analyst called for a target price of $4.50. The shorts are not gonna stop there, though! With such a high level of short interest they are in control now so I'm not going to re-enter until this baby has really cratered.
Good luck!
-Fritz

The more you know, the less you don't know.