Imos crossed the 12.42 recently closing high and the $12.60 resistance line. it then hit Sardonic's target of $13.50, shot past it to $13.58, and then fell back slightly to about $13.40.
Of cause he knew, he had to cover his remaining short position today.
Sentiment: Strong Buy
He covered a week or two ago. Say what you want, but he's been making good calls all along (for the most part) and he addmitted when he was wrong about IMOS.
He also said IMOS was going to $6 for almost a year.
He also shorts MSFT and INTC as a market hedge. If you noticed, MSFT and INTC went up when the market was tanking.
So the only hedge is a hedge to make sure you don't make any money. Something he does well.