Assuming no general crash, I expect SP (currently $15.20) to fluctuate between $13 - $16 over next few months.
But, not that long ago, you were aggressively shorting the stock at levels well below $13.
So what has changed for you to now have the view that it will trade in a range that is higher than the levels at which you were previously shorting it (we know it can't be the financial performance of the company that has caused you to adjust your thinking, because ostensibly you have been able to forecast the financials in a manner which is "pretty much spot on").
"What do i want?
My forecasts on the thread over past few years re MND revenue, earnings, divs etc have been pretty much spot on. But I've constantly underestimated how strongly Mr Mkt reacts to any good news and am amazed when SP leaps 20+% in space of a couple of weeks! I'm wanting the SP to jump back say $18-18.50 so i can re-open some shorts and (hopefully) longs can take profits."
Given:
1.) your skills at getting short-term financial forecasts "pretty much spot on", and
2.) that you were happy to be shorting MND at levels substantially lower (like more than 50% lower) than the current share price,
....why wait for some arbitrary level like $18-$18.50 to add to your shorts?
Why not simply short the stock right here?
MND Price at posting:
$14.92 Sentiment: Hold Disclosure: Held
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