CHGS: Oh its a solid company, it just doesn't deserve to go up +50% in one day due to a pump&dump scheme. It'll crash back down in the next week for sure.
Long term it'll go higher, your right.
Whats their EPS going to be in 2011 again? Around $0.30 if I remember correctly? So I shorted it at 7-7.5 forward P/E? I'm ok with that since my long positions in the space are currently below 5 forward P/E in most cases =P.
I'll cover in the $1.7-$1.8 area in a few days. At least I hope so =P.
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