InvestorsHub Logo
Followers 3
Posts 439
Boards Moderated 0
Alias Born 01/27/2010

Re: RyanW439 post# 16941

Saturday, 02/12/2011 10:23:13 AM

Saturday, February 12, 2011 10:23:13 AM

Post# of 34471
That's the one thing management should have done right away to stop all these games. After the price recovered last Friday in anticipation of Monday news they should have halted the stock, finished the holidays and then worked on a respose that would kill the shorts once and for all.

Not only would the shorts have been stuck paying high interest on the loaned shares, not only would they have lost money on the high premium puts, but CCME could have issued a dividend, released the 10K and reopen with earnings with an announcement that they would buy any shares below $20. We'd open at $30+ and the shorts forced covering would be done at far higher prices.

A total annihilation of the shorts is what's called for here. Its the only way to teach them to respect the space. I don't have the ear of management but I do know what it takes to teach someone a lesson they won't soon forget.

They should halt the stock until March 21st IMO.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.