the risk has now changed from downside to the upside. short sellers have no choice but to keep closing their position and aggressive buyback should start as soon as the cash from elliott is received. I'm also expecting special dividends as part of capital management from the proceeds of thiess
from a technical point of view and also if you add the usual Christmas market rally, I'm looking at a price rage anywhere between $29 and $35. finally patience will pay off
CIM Price at posting:
$22.54 Sentiment: Buy Disclosure: Held