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Elan Corporation, plc Message Board

  • acricketeer acricketeer Oct 27, 2004 1:11 PM Flag

    Torturing the Shorts

    ELN is turning into an Index Stock, something that is very dangerous to short. Fidelity has been accumulating shares by the millions and averaging up to protect to their position. They're allowing a little back and fill, so the shorts can come up for air. But then the next wave comes, resulting in another flurry of short covering. This type of action can occur ahead of news in a back to back strong market day.

 

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