RDOTT
Short positions if I'm not mistaken are posted every 2 weeks, the 2 week trading range for CLL prior to Dec 15 was $1.06 -1.26 ...... I'm willing to bey the short position will drop significantly over the next 2 weeks.That $30 million could keep debt paymnets going for about a year..not worth it.. Besides keeping cash on hand ensures a higher takeover bid if one occurs...
Oil is going up, tax loss selling is almost over, fund managers have mostly sold off whatever they had to to raise cash and the year is almost over. Obama wants to spend a trillion bucks, Harper just annouced a 32 billion dollar spending spree in canada next year, Bush just bailed out the big 3...Panic will ease in the New Year.
Shorts can take it as low as they want because the value is still there for the rest of us. Once the bottom is hit, the shorts will move on to another comapny.