Re: "Short Squeeze" - "Mayday, Mayday, Mayday" appropriately in month of May!
posted on
May 13, 2009 06:18AM
Great news on the financing arrangement! It looks to be a 'progressive' open line of credit...based on continued delivery of performance, collateral, etc.
In regard to the short squeeze, let's not forget that these vermin are very aware of the game and have made a living using / manipulating the market psychology of individual stocks. To sum up, the shorts may attempt a final push over the next few days, trying to make people second-guess this announcement. I hope all of the longs out there (not on this great board) are paying attention and don't help them by panicking.
I'm sure this financing arrangement has its 'weak' spots, but overall this is great news...as far as I understand it. Get ready for a wild ride in the weeks / months ahead!