I think that there has already been some covering going on by the old shorts trying to get out not wanting to risk anymore with earnings coming out and the momentum increasing to the longs.
However, I think new shorts are coming on board as contrarians and opportunists view new highs as a shorting opportunity, especially as the stock has gone parabolic.
Again however, I think most of those new shorts don't look at the fundamentals that support and drive this stock, and are looking for a quick buck instead of trying to pound this back to the stone age. Eventually the fundamentals will drive this stock higher as it is still undervalued.
Show me another company that:
1) has a hoard of cash
2) has zero debt
3) makes cash hand over fist quarter over quarter
4) has a government endorsed sponsored monopoly
5) is growing 50-70% year over year
6) is as shareholder friendly
7) has low DSOs and A/Rs
8) has a big 4 auditor
9) has high margins
10) won't dilute further (other than scheduled) because of a need for cash for expansion
To top it all off it has a huge existing short interest as the stock has climbed higher making for even more future buying interest.
Generally, we may have a few bad days, but I think those days are limited to when we have a general market decline and market sentiment causes nervousness making current longs to cash out. But in the long term, you can't find a better investment.
In all honesty, I don't understand why everyone on CGS doesn't have a least a small percentage invested in CCME and instead keep investing on dilution machines (YONG, PUDA, etc)
JMO
News 
Market Data 
Discover 
AI
