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Cathay Bancorp, Inc. (CATY) Message Board

  • jamesbird79 jamesbird79 Aug 28, 2008 11:11 AM Flag

    Caty upside

    Notice how the volume has dried up. No more willing shorts and few natural sellers. Things seem to be setting up for a short squeeze as natural buyers increase their expectations for this bank and the hugh short position seeks to exit the stock.

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    • Looks like the squeeze is resuming today. I wonder if we take out the 23 spike from a few weeks back before it is over. I'm just waiting for a "Chen Sui Bian and Lee Ka Shing pump and dump" post to confirm some shorts are felling the pressure.

      Longer term, my thoughts are that on demographics alone CATY is capable of earning at least 3.00 / sh 2-3 years from now, and I see no reason the market won't return CATY to a low to mid-teens multiple at that time. In other words, we eventually take out the old 40-something highs.

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