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Seagate Technology Public Limited Company Message Board

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  • briannna614 briannna614 May 31, 2012 7:28 PM Flag

    Shorts rule this stock with a iron fist.

    I think your right on. All the buyers are either sitting on the sideline while the stock gets pummbled by shorts. There was an earlier post on "capitulation" I thik we won't see a bottom until more longs throw in the towel and then that should set up a nice run to the long side with any sort of good news. I wonder if the money from the WDC lawsuit that should be settled soon is enough to cause a short squeeze. Do you think it is enough cash (500 million or so) to cause short covering or is it already baked into the stock.

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