Windstream Corporation (WIN) Message Board
-
This stock is going up next week
a week from now the options come due on this stock ...there is an 8 day back up of short sales the pressure will start building for these short sellers to cash out and that will start the upward pressure on the price. ...after that it is on to the dividend
-
So far so good. I think we will close the week at $9.00-9.04.
At the rate the stock is progressing, another 6 trading days could see a run up above $9.50 solely due to the large short interest. -
Historically, in most quarters, the stock has moved between 0.65 to 0.85 in the two weeks before the ex-dividend date. That would put WIN in the $9.21 to $9.41 range.
From a technical perspective, the stock would be fairly close to a range between the 50 day MA of $9.25 and 200 day MA of $9,47.
There should be resistance at $9.50, so the $9.41 to $9.47 range will probably be the top for this quarter before the ex-dividend date. -
The majority of the shares that have been shorted have nothing to do with options and those expiring next week. Your theory is extremely flawed. Dividend ex date coming up might move this piece of #$%$ though.
-
Exactlly what I was thinking ...the short sellers are trying to beat WIN down again
-