Rickaroo......short hedge funds are notorious for selling short bigtime when adverse events hit the stock market...there were three major events happening.. ( Fed Rate cuts)., (2) coronavirus scare, (3) oil price drop, which all happened concurrently last week, or so....Now the short hedge funds were successful in February 2019, in taking coop down to 6.41, on 3 successive times, and made lots of money..., however, that happened before the merger with NSM was announced, hence, really no risk for them, it was a cakewalk... now, they did the same trick, when the 3 crisis hit, that I mentioned, however, things are a little different now.. to wit:... BK closed, solid earning reported on Feb 25 CC, probable closure soon with claimants, KKR declaring 16% ownership, so forth and so on... so, things are not the same as in February 2019... IMO, the shorts are in hot water now, having taken coop into the 9 dollar area, with over 82% of the stock in strong hands, and the balance by insiders and retail... it is no wonder that they are shorting to take it lower, so as to get shares to cover... but, the market is on to their games, they are hurting and digging a deeper hole that they can't get out of... time is on the side of longs now... 1Q earnings are coming due shortly...they can run, but they cannot hide...every share we buy, they have to replace later..they are trying to replace them cheaper, but it won't happen much longer if good news comes out of management...cheers....Lodas
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