That's how powerful the shorts are. All that news is now worth about a half point since we got it. Problem is, they'll likley be taking us a lot lower today. This stock has no buyers and it looks like Herb Greenburg got it right again. VHC needs to stop selling call options and start selling technology.
gordon, I'm not sure what you mean by that comment as I've stated that I have no idea how anyone can be short this stock given all the good news the past few days. I'd love to be part of the massive short squeeze we all think is coming, but what the shorts were able to do to the stock the past two days is simply amazing and very discouraging. On top of that, CSCO isn't the giant we all thought it was and that's also now a major disappointment for the stock. Shorts have taken the air out and there are no buyers. That's a huge problem and nothing short of an AAPL settlement can save this stock. If AAPL appeals, turn the lights out, that's for certain.