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Re: nsomniyak post# 17066

Saturday, 02/12/2011 5:57:46 PM

Saturday, February 12, 2011 5:57:46 PM

Post# of 34471
I think pretty much anyone with the March calls would be okay. The 10K and earnings should all be here March 16th at the latest IMO.

With the risk of beating this horse to death. It's not so much as people saying they don't have the staying power to hold on. It's more about sticking it to the shorts and their dishonest tactics. If the company has no other means to deal with the shorts until the 10K comes out then they should halt the stock IMO. We will agree to disagree on this point I suppose:)

What many people calling for a halt are also saying is that they don't have the staying power to hold on until the earnings come out. This is past of the problem here--overextended longs, either on margin or Maalox or both, plus people placing short term bets (i.e. February calls). There is an old saying that the market can be irrational longer than you can stay solvent. A corollary to that is that it does you no good to be right in the long term if you go broke in the short term. Shorts were aware of this--reading the boards it was clear that CCME ownership was concentrated among a community of zealots, many of whom went all in on the promise of a squeeze when the stock rose to 20 and above. That was one reason CCME was a pretty fat target for them.

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