InvestorsHub Logo
Followers 1
Posts 459
Boards Moderated 0
Alias Born 07/29/2010

Re: None

Wednesday, 05/18/2011 10:02:35 PM

Wednesday, May 18, 2011 10:02:35 PM

Post# of 34471
If it trades on pinks or OTC with no news.

I am thinking of exiting 50% of my position at market on the open and then re-entering the proceeds into Jan 2012 in the money calls, trying to get those before the bounce.

I don;t think anyone has a clue how it will trade, there is no real precedence, for such a high short position, in such spooky circumstances.

Also those that are predicting really low prices might do well to recall that Citrons original hit piece had a price target of $5.48

Psychologically, I believe many longs have come to terms with large losses here and thus the urgency of getting out has diminished over the time of the halt, while shorts will be eager to lock in profits before what could be an unprecedented bounce erases those profits.









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.