Easy Cowboy. I've been holding a concentrated position in CCME since December of 2009 and have been, and remain today, a major proponent of this company. My point is that as a publicly traded company, representatives have an obligation to shareholders to maximize their rate of return. If the stock carries a 50% short interest, they better be ready for anything that the shorts have to throw at them, including being ready to respond to a hit piece in a way that not only reconciles any discrepancies that are identified, but go above and beyond to restore the confidence to the millions of shares that just took the fast bus out of town.
If that does not happen to my satisfaction, then I am going to take the sidelines. I am not interested in laying down in front of oncoming traffic. Any hit piece has a profoundly negative effect if management isn't prepared for it, and timing is everything. Hence the next two days being the most important two days since I bought the stock over a year ago IMO
That said, I didn't sell today because my expectation is that Jacky WILL pull together a coordinated response in a timely fashion and that it will be appropriate given the situation. We'll see, of course, and I've been wrong before. Look no further than my post TODAY where I asserted that there was not going to be a hit piece. I admit, it caught me by surprise. I am glad that it was weak sauce and Jacky really should tee off on them tomorrow. I hope he brings out all of the ammo.
