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Big Lots Inc. Message Board

  • pegasusaig pegasusaig Dec 4, 2012 8:57 AM Flag

    What's that strange squealing noise??

    I think.... it's a SHORT SQUEEZE. Premarket trades are over 200K shares and price up high as $30.90, or +12%. I suspect the market will open in the low 30's, may well close 8-12% up. The climb is on, and it ain't gonna get any better for the shorties- and there are 6.9 million shares short.

    As for me... long 12,000 shares under $28 cost, looks like I will gain $20-40K today. Awesome. 4Q estimates have been upgraded too, so the top may be even better than I expected.

    I don't mean to gloat, but I've been strongly criticized by family and others for making a play this big on a junk store chain... and while I've made my share of mistakes, I just love being right!

    Congrats to all those wise guys who bought in the basement!

 
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