Completely agree with the dangers of shorting this stock with the technicals behind but it is against a defined event which is in 1.5 months which in my opinion - I could be wrong - the market doesn't fully appreciate how bad it will be.
In any case if it forms a double top at $2 and gaps down again the technicals will have broken down and then it will be a free for all on the downside. If this occurs technicals and fundamentals will be saying sell.
Lastly I wouldn't short this naked - I am hedging it against a portfolio of MS longs because if FGE is truly worth 2 bucks they are in for a complete re-rate as well.
FGE Price at posting:
$1.79 Sentiment: Sell Disclosure: Held
