Thought i'd make this post since I keep getting tons of PM's asking my opinion and so forth: I am currently in Florida on real-estate related business (have been for a week now) and have not really been keeping updated with CCME/etc for the past couple of weeks. My understanding from those trying to contact Jacky (and failing) lately is that they are being very careful with regards to communication during this critical time -- I have not spoken directly to Jacky for over 2 weeks personally.
My take is as follows: While I believe in the company long term, I would suggest people be prudent in light of the company's silence (Personally I expected they would be much more communicative than they have been).
We are in turbulent waters right now with likely delays for the 10-K given the extra work I am sure DTT is doing. Who knows if the stringent audit might even find some discrepencies (hopefully small) which will require some kind of restatement? Its all possible.
As such, all I can honestly recommend to people who inquire as to my advice is that they be prudent. Never put all your eggs in one basket such that if that egg breaks you cannot recover. This might involve position-size limits, hedging your position during this critical time for CCME, Avoiding margin leverage, etc.
I say this because in the short term, given the company's silence and the outstanding uncertainties, we simply do not know where the stock will go. If your levered on margin and it drops down to $8, will you be able to hold your shares? Will you be able to buy more, etc... Thats why some diversification and keeping dry powder is important, especially in times like this.
I will be back in NYC on Saturday and will then be able to start catching up on everything i've missed while on my trip.
-Fernando
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