from experience the number of shorts means ZIP, i bought bluebet when it was $1,80 about 3mths ago, the number of shorts was 0.15%, hardly anything, the stock dropped to 75c for no reason even though its numbers were ok, its 0.12% shorted now, in reality dont bother looking at the % of a stock being shorted, most people hated gold when it was US$1200 but thats when i was buying, its US$2000 now and most people wanna get into it now, i stopped buying a couple of yrs ago.
Back to MFG this is really becoming a tragedy isnt it, this has even shocked me, and nothing really shocks me, what shocks me most is the whole market is still in the BEST bull market we have ever had in history, the DOW has gone from 5,000 points to 35,000 points in like 14yrs, yet in that time MFG went up top what $65 and is now back to $14, and its not like the market has crashed or anything yet, if MFG is dropping like a rock every day, imagine what will happen if the DOW actually drops 10% or more, i dont even wanna think about it, any thoughts guys?
anyone backing up the truck now? waiting for a confirmation? could we see a V shaped recovery with MFG?or will it be a long painful death here? what will be the final nail in the coffin for MFG? another huge insto pulling their funds?
what could be the WHITE KNIGHT? what if say berkshire hathaway bought a stake in MFG? would that make things turn around? that just gave me a thought, i know you guys will think im tripping, since Hamish has alot of time on his hands not working, how about he give warren buffet or carl Icahn a call and say would you guys please buy a 5% stake in MFG for these 2 $200million is like $2000 for you or me, if that happened, it would give the market alot of confidence, and the stock could shoot up?
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