The short sellers won.
And there’s no reason for it.
I’m recommending that you consider selling to close the Lumber Liquidator calls today to stop the hemorrhaging.
In my opinion, the news is already priced in. Now, traders are panicking. The put-call ratio tells me that they are shaking in their boots with fear.
Once the selling has stopped, I will look for a the best opportunity to jump back in and hopefully make up for this loss. For now, consider selling to close.
Ian L. Cooper
Forgotten Profits