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Post# of 34471
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DLouis

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DLouis

Re: None

Thursday, 09/16/2010 10:48:09 AM

Thursday, September 16, 2010 10:48:09 AM

Post# of 34471
smart shorts left the building this morning
only rational short position rested on belief that company did not have the cash they claimed to have. if they really did have that cash, well then they really did have those earnings, and it was only a matter of time for them to use the cash to fund buyback and/or dividend.
all shorts should leave the building before the company:
1. actually starts deploying cash to buy shares
2. announces a dividend
3. updates guidance
any shorts left in the building after all that happens will burn
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