Why would you short Tassals *now*?, page-96

TGR is now in best spot for shorters.

Upside is very limited - expecting better than earlier released earning guidance is waiting for miracle. Even with best of earning news TGR's intrinsic value may not be 10-15% higher. Risk of earning guidance downgrade is comparatively much higher.

Below $3.40 is cliff, so little sell pressure and SP may tumble sharply down 15% from here. That's the point Shorters usually use all levers they can.

I won't be surprised if this sharp down momentum unfolds in next few weeks. In my opinion $2.90 may be achieved.