Sun, Aug 31, 2014, 3:07 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Western Refining, Inc. Message Board

  • edmanfan edmanfan Nov 13, 2013 10:28 AM Flag

    short covering analysis

    If you assume almost 100% of the incremental volume yesterday were shorts covering their positions and about $1.50 of the gain was due to new fundamentals and $1.50 due to short covering, then we can estimate the impact of the remaining 16-17MM shorts scrambling to cover. The impact of the covering diminishes as the price rises because it will attract new sellers to help them out. So the first $2MM of covering could add $1.50 per share, the next $2MM could be $1.30, etc so if $10MM of the remaining 16-17MM short covers, we could see more than a $5 per share increase FROM HERE.

    Sentiment: Buy

 
WNR
46.53+0.42(+0.91%)Aug 29 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.