Feb. 21 at 10:49 PM
$NXDR Still long on this, but cautious over the next 30–60 days. I feel that the poor economy, with a drop of at least 50% in consumer spending, will result in NXDR being shorted down further. The decline in consumer spending, driven by the deficit, currency concerns, and the lack of financing for U.S. bonds that fund our government, adds additional pressure.
The private equity investors who control the majority interest in the company have continued what appears to be massive, systematic shorting of the retailer, even though retail investors own the majority of the public shares. For the last nine months, the company has, like clockwork, allowed what seems to be systematic naked shorting of the shares.
I am convinced they are in bed with the naked and dark short sellers because they did a stock offering when they had over
$400 million in cash. They would not do a cash offering if they were afraid of the stock crashing. Continued...
