The short covering has begun to speed up this week. Thus the 20% share rise in one week. The shorts started slowly covering on 6-15-2012 when the short float was at 52.5 million shares. The short float as of 1-15-2013 is now down to 35.6 million shares. Just this week the shorts are again starting to hedge their bets by covering and going long. Smart move I might add. If someone with deep pockets would like to see a 50% return on their money in a very quick fashion they should start buying CPST hand over fist and watch all of the shorts start to cover in a frenzy. Pushing this stock up very quickly. If the shorts have a hard time converting their shorts to long because of a large accumulator they would be caught in a significant short squeeze. The shorts have made a lot of money shorting CPST over that last year and they don't want to lose their profits by hanging on to long. Without a large buyer getting involved by sucking up all of the shorts manipulation, we will be letting the shorts out softly. I would prefer to see them CRUSHED.
Amen, dsides. You should have been shorting cpst, and not buying cpst the last year.
You had an opportunity to sell all of your cpst at a reasonable loss and chose to sell only 10,000 shares of it, waiting for the other cpst shoe to drop. It did drop, and now you are meauwing your discontent, looking at $30,000 loss.
$30,000 is chicken feed on any scale, but your chicken #$%$ does not go that high. .
""The shorts have made a lot of money shorting CPST over that last year and they don't want to lose their profits by hanging on to long.
Sentiment: Strong Sell
You are correct. I don't see the argument here. I definitely bought to high and didn't sell as I should have on the way way way down. But that's my burden not yours. I get them right a lot but I also get them wrong as well. And $30,000 is real money to me I am obviously not as wealthy as you are. I wish that I could be more like you and never lose money on a stock purchase. I have done very well this week on my purchase of puts 4 days ago in HLF (herbalife). Smokin well.
Your POS is learnigis pot of gold, investor_bk00
But not of dsides, though.
"I bought this POS 10 years ago, and am still waiting for it to pop! I will never get my money back.
Sentiment: Strong Sell
I am in the same boat as you. I am in at a much higher price. Buying now will bring down your cost ave. CPST has gone up 20% in the past 4 days and I think that it could very well go up 20% more from here in the next two weeks.