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  • mrbone2000 mrbone2000 Dec 11, 2012 4:44 PM Flag

    Holy Cow!!!! 113mm short!!!!! Up we go baby!

    Short data as of 11/30. Some of those shorts are covering now. BB10 o/s is getting good press coverage- shorts should be worried.

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    • We had some extremely high volume days (80 million +) between 11/16 and 11/30 and the SHORT interest as of 11/30 still went up by about 10 million. This proves that they were shorting this to no limit - Some of the longs like me expected the short interest to drop significantly given the high trading volume. I am pleasantly surprised - this is going to be fun.

      Nov 30, 35,460,000 11.60
      Nov 29, 84,972,000 11.54
      Nov 28, 53,933,200 11.10
      Nov 27, 84,175,900 10.72
      Nov 26, 87,442,200 11.98
      Nov 23, 74,491,400 11.66
      Nov 21, 39,520,700 10.26
      Nov 20, 49,958,400 9.71
      Nov 19, 42,524,400 9.59
      Nov 16, 35,203,400 9.20

    • There have not been any covering. Short position has gone up not down.

      They will continue to short to about 130M shares and won't cover until above $17.96+.

    • That's all the excuse makers on cnbc have been saying. Especially the fast liar crew. Rimm is only rising because of short covering. I've heard that since the short interest was 95 million in october and the stock price was $8. So it's gone up nearly 60% in that time yet almost 20 million more shares are short the stock. I'd say this stock is ripe for a mammoth epic squeeze. Golden cross coming too. technicals mega bullish. This will be over $20 next month.

      Sentiment: Strong Buy

    • There is indeed covering going on, you do not get a 6% bump on mediocre news. The risk premium is going up on short positions as only earnings is left for shorts to cling onto... at least until February and March when pre-sales numbers begin to pour in.

      The play here is to wait till earnings comes out and watch the shorts start to cover....

6.72-0.08(-1.18%)Feb 9 4:00 PMEST