Comtech Telecommunications Corp. CMTL

Although I don’t like they haven’t said anything yet, I believe technically they are not late since for end of fiscal year companies have extra time to disclose earnings.

In my view, the higher the number of shares available to borrow means shorts consider this position high risk. To the contrary, when it is hard to borrow it gives me the view risk to lose is very low as everyone has piled in. This week is supposedly earnings release, let’s see what happens.

Really hoping for the going concern to be completely removed this time around.
I have seen CMTL earnings announcements generating up price swings of $2-$3 after announcement. I’d be happy to start with results pushing this decisively past the $5 needed mark so more institutions can dive in and also to trigger a short squeeze.

There is some ‘payback’ in this…board basically got Kornberg out, then Porcelain did not last long and then Petersen was ousted too, so there is obviously no love in between these individuals. I personally don’t like neither of them, Porcelain did a lot of damage with his decisions.

We also need to add that Q4 report will be out next week, most importantly, we should see the going concern from auditors is removed. It should be a very interesting conference call as well.

If Dish Network is combining with Direct TV as announced today, why not Viasat and Comtech joining forces?? Another union that would make sense.

Sooner or later (I’d say sooner) shorts must start covering. Too much risk involved here with these moving up price movements.

Fidelity shows it closed at $4.20 and bid at $4.80. This app shows closing at $4.40 and bid higher than $5 what do you guys see in your brokerage screens?

What do you guys really think happened Friday after hours? Was it an initial short squeeze triggered by algos? Getting to $5 should really trigger a tremendous short squeeze as now it is higher risk for them as more institutions can join into a buying spree (with the stock price passing the ‘symbolic’ $5).

Q4 results due out week of Oct 7 - Oct 11. My take is, if they have good things to say, we will see they schedule it as early in the week as possible, otherwise we will see perhaps a 10/11 (Friday) schedule date as we know typically no one does anything on Fridays (PR’s, etc). What are your thoughts?0