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  • Solarfun Power: Classic Short Sqeeze Setup  [View article]
    User131880: I am sure these are the estimates on TD Ameritrade. They are definitely in U.S. Dollars. The estimates on Yahoo Finance for 2008 earnings are in yuan I believe. The Yahoo Finance EPS figures for 2008 are 8.68 (I presumed U.S. Dollars when I first read it). The TD Ameritrade figure for 2008 EPS is $1.30. Quite a difference. Don't ask me why Yahoo is doing what it is doing. I believe the TD Ameritrade 2008 EPS figure is accurate (although still just an estimate). Hence the 2008 PE I calculated based on it is accurate also.

    I should further point out that the bond holders will likely cover their shorts because they believe in the stock. They would not likely have bought the convertible bonds in the first place if they did not believe that the stock would in the near future pass the $19.13 level. They are just making extra money by shorting at an opportune moment. Most will not want to try to hold out for a lower low to buy back. They will want to bank their "certain" profits on a stock that they believe has great long term potential. This should provide the short squeeze.
    Feb 26 01:07 am |Rating: 0 0
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