In sailing terms we are heading for the first buy then a beat to the next buoy and then we break out the spinnaker.
How anyone with any sense can short this is beyond me unless it is someone with big pockets playing a game that is about to change. I think this change will happen before the spinnaker run. Not a lot of time to get rid of the shorts. I would not like to be the washer woman I see a lot of brown stains.
The covering must be happening as we speak. I suspect they knew it would cost them and factored it into whatever they are up to. I am in FMS and they are experiencing a low ball TO just before a lot of interesting things are about to happen. I hope something like that does not happen here. A good profit in cents but one hoped for a profit in dollars. The big boys do have bigger balls, sad but true.
CDU Price at posting:
$3.54 Sentiment: Buy Disclosure: Held
