Based on the 3 separate email lists I am getting from Cohen and Kelly.... it seems as though they are hinting to look for the pattern of last week to repeat itself. At the end of the the news letter they mention deja vu. Last week the bottom falls out to .75 and then up to 1.68 which is a little over double. Now it bottoms out to .96... should we expect them to wait until this at least doubles until the next dump?? I think I may wait for the bottom to fall out again and then buy based on this news of 4 million plus shorts on the market as well as the news of this other guys' newsletter being sent out to 1.5 million people. If it is true that is. Also, here is this mornings email.....
This morning, I have some very, very exciting news.
Right now, a well known stock picker called "James DiGeorgia" has made BGBR his next big pick.
And... People on the message boards are reporting receiving a hard copy mail piece from him.
I managed to get a scanned copy, and uploaded it online:
When someone goes short, they sell shares they don't have...
On the promise they'll buy them back in a few days or weeks and "cover" their short.
These 4.6 million have already been sold.
And so, we know that 4.6 million shares MUST be bought out the market soon.
This is a HUGE short position, and it gives me a lot of confidence.
But, here's the interesting part...
When I found out a direct mail campaign was starting it got me VERY excited.
Because a huge 1.5 million piece direct mail campaign...
Could mean a HECK of a lot of extra eyes on BGBR.
And...
I believe, this could create a GIGANTIC short squeeze.
Just imagine...
1.5 million people receiving this hard copy mail piece tomorrow morning.
AND...
The possibility of short sellers SCRAMBLING to buy shares and cover their position.
(Possibly to the tune of 4.6 million shares!)
Today or tomorrow could be one of the most exciting trading days EVER.
I'll keep you updated as I find out more.
Best Regards, Michael Cohen
P.S. The could be a great example of "right place, right time".
A 4.6 million share short position.
AND...
A huge 1.5 million piece direct mail campaign just starting.
Buckle Up.
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