Naw man, if I were a shorter that had a ton of outstanding positions (about 66m shares as of yesterday), I would wait until they released a report, wait for the market to enjoy the good news with a bump (of about 3m volume), then sell another 3m short to stop the rise in its tracks.
Now, one of the major good announcements that the market was waiting for the last few months hasn't helped the share price at all.
Investors wondering what happened, disheartened, did they not understand the announcement?
Then next day, slam the market with a further mill and a half of short sales. Tank the price.
And again the next day.
Shake the tree. Scare the investors. What news on the horizon could improve the share price from here? Should sell for a loss despite great news as we are losing money.
All I've risked is 5m shares sold short to plunge the price and shake the tree.
It's probably the best time to do so. And historically that has been what happens after every great report and general meeting the last couple years.
Maybe others aren't happy with the growth. Or instead of a financial update they wanted the whole report like some of the whiners here
But I have to suspect, when everyone just cries foul of the reporting but doesn't acknowledge the strides the company has made, that they're just a bunch of downrampers rather than the voice of concerned investors.
DYOR. GLTAH. Gotta have thick skin and reevaluate your investments constantly. This one is absolutely a buy at these levels.
PNV Price at posting:
$2.14 Sentiment: Buy Disclosure: Held
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