BUY TO COVER ANAD ( ANADIGICS )
On Aug 20, 2008, we starting shorting ANAD . If our methodology was followed, the average short price would have been around $18.
On July 27,2008, we recommended buying to cover our entire position. The cover price should have been below $ 6.
ANAD just again proved our thesis correct by substantially lowering projections and delaying completion of the facility in Kushan, China.
To those who shorted on our advice, but did not yet cover, we recommend buying to cover the entire position as the stock price drifts to a handle of $4
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August 7, 2008