The shorts actually have the perfect stock at the perfect time to cover. No threat of R/S. No major news pending. Merger approval probably known ahead of time. Selling originally into merger approval but then taking total control at the 2.50 level. This worked out perfectly. I just have to believe they have to run out of steam somewhere near this level. With so much upcoming news I am sure they are very happy and made some great money. I can't be mad as that is the market.
well I did wait till today although I bought earlier this morning at 1.92 and then I fell asleep... woke up from a nightmare to see the stock had dropped down to 1.72 then I bought some more :D... waste not want not I always say lol...
btw nice koala are you in AUS? if so how is your broker.. mine is a little slow to place orders and costs me a fortune.
PS I have a gut feeling that we have neared the bottom...
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