CCME pps today honestly was a little disappointing. I mean why didn't this pop up 1/ $2 higher? Oh yeah,cgs traders and shorts working against longs. I believe traders will buy them back higher and shorts will really have to face the fact their on the wrong side. This company is still in its early stages of huge revenue growth. I have held a small posistion for a year now. I am long until $45. This company could really improve my china growth portfolio.
Shorts On Wednesday 12-8 shortable shares available = 550,000
Thursday 12-9+ 200,000
Friday 12-10+ 50,000
Today 10,000.
They seemed to have piled on at the wrong time( 2nd). So with the possility of naked shorting again, The Possibility exist we could slowly creep back to $22.
The company did disappoint me by no buyback. But if Jacky waived buying in $7's with a spectacular defensive plan of trapping more shorts by buying after a pullback, It would be beutiful. If CCME bought in the $15 It would still be effective. At least my hopes are they have been buying.
Thanks for everyones DD
Jacky also has quivers full of arrows. I would love for a couple to fly real soon.
