Shorts are trying to hold back the dam from bursting
New 52-week high, but couldn't hold 26. Volume continues to tell the story though. Another 5 million plus day. The shorts are trying to exit quietly. If this thing can just break 27 (just another 4 percent or so), we will be looking at a massive squeeze that should get us right through 30. Capitulation is right around the corner and Black Friday is too. Sales are going to go through the roof with all the WiiU games, the tablets, the Call of Duty and the used games and Iphones are going to pour in so people can get credits to purchase their holiday gifts. Traffic is already heavy at the GME stores in NJ, and we are still recovering from Sandy. The shorts will be in a panic by next week, mark my words.
Kool: Love your thinking. More shorts only help the squeeze, so short away you fools. Actually, when you look at the volume, the covering has already begun. But I guess you don't actually see what the rest of us see judging from your predictions. Shorting at this point is just dumb. No other way to put it. Might as well donate the money to the Red Cross instead of to shorting GME. Best of luck shorty, see you at 30 next week.