What l would like to know is are shorters still happy to be shorting at this level
I know people say its heavily shorted but those positions could have been taken at 1buck...l wouldnt be in a hurry to close if l shorted at 1buck but could be a costly decision because you would assume an offer would be at least around the 55 cent to 60cent mark....bottomline if l had a big business and l was looking to set up shop like let say an aldi type player or something along those lines it would have to be cheaper than starting from scratch and you do get some sort of business that no matter what people say can be tinkered with((already started))that might pay off for right player....either way shareholders never win unless you luck the bottom..
Time will tell hope something good of it comes for all but crooks can only play it down so much as more eyes will be on it the cheaper it goes which could bring bidding war....you never know ....
MYR Price at posting:
37.0¢ Sentiment: None Disclosure: Held
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