Not shareholders. Look up "naked shorting" in the dictionary, and watch the Bloomberg special about it.
Sorry, but I gotta call BS on this one. This stock has been on REG SHO forever and shares have been unavailable to short (I know, I've tried). Just too convenient to call a reversal on fed day. Unless you are one of the naked hedgies, you were never short in the first place.
When will it bottom out? THis stock looks like it's headed for a delisting! Did not even flinch on the rate cut from the Fed. I hpe it fills the opening gap on the 13th september real soon or i am dead. I think i will average my costs about this point and hope for the best. Ehgad! I wish i'd read this thread in it's entirety before considering a position on this stock!
Never buy a stock that you can't hold for 2 years. 2 years from now, the majority of consumers in the US will own an HD TV. Syntax-Brillan (the company, not the stock) has performed very well in competing in the industry, and eventually they will post numbers that will happen to exceed analysts estimates. It's very possible that the lowered guidance was intended for the purpose of being able to exceed it.
Shares were available to short...you just have to know where to look.............................................................................................................
Yesterday's 3.58 looks like a bottom. I think that yesterday's Fed action should kill off short-selling as a major strategy in the near-term, and this will be a major boost for BRLC stock in the long-term (since you will no longer see hedge funds poised to crush any positive news). In the short-term, traders will be buying other stocks that will have a bigger pop due to the lower interest rates.
Crap, missed this one. Bagholders who doubled down when this flat lined have a chance to get out up on this POS.