Not sure why shorts have gotten so high? Shorting at 5 or 6 dollars maybe. What value is there at 1.80. 10 percent maybe? But Rrl is below book value at 2.10. and McP announcement could come any time which you would think would be bad for shorts. Getting ready to slam the HY maybe… but seems super risky and they would need to bid it up to over 2.00 anyway to get any value. Anyway should be nice pop on Monday. Won’t expect more than 5 percent though. Personally I hope McP announcement comes after the HY. Get the HY out of the way then only positive news ahead carried hopefully by a breakout in POG.
RRL Price at posting:
$1.84 Sentiment: Hold Disclosure: Held
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