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  • Short Interest at Record Levels [View article]
    I short that I am now accumulating is CALM. IT currently has 78% of the float shorted and the price action is amazing. LOOK AT THE MONTH GRAPH They are due to report Monday. If this news is as good as many people expect then the top could fly off this one.

    Management has gotten aggressive recently in fighting the shorts.

    First they have announced that they will pay 1/3 of all profits as dividends!! The latest earnings estimate is well over 2.00 this quarter.

    Second they have announced a 4 million shares buy back!!

    Third they are making it clear that they are taking on the shorts by making news announcement about the dividend and the buyback.

    Fourth They have a huge growth rate..

    Fifth The shorts were under water after 8.00 per share!! It is now 38 per share. With over 12 million short they are looking at being under water over 300 million dollars!!

    This is not a pump please conduct your own due diligence. Do a Google search these guys could go is to a short squeeze of epic proportions. No my works but those of a recent news commentator.
    Mar 30 13:42 pm |Rating: 0 0 |Link to Comment
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