Here's why. Most of the new shorters shorted at 117 to 119. They thought they were smart because they were shorting at what was previously the peak. The run-up yesterday showed the price could rise to 125 in a heart beat. All the market-makers have to do is run the price up to 128-129 and most of those shorts will cover out of panic. In military terms, it's called "disrupting the enemy's concept of operations". The 117 to 119 shorters thought they were smart, but now, they're in the same boat as the people who shorted at 98 when AOL shot up to 111. These new shorts have had their "concept of operations" disrupted. They expected to make money, and even if they lost, it would only be a few bucks, or so they thought. Now, they know they could easily lose 10 bucks a share or more on their short. The market makers have these shorts trapped and they know it. No way will it dip below 120.
I agree that you sound like you actually believe what you are saying, but look how wrong you are, yet you shout louder, expecting someone to HEAR YOU?
First of all, the impossible happened. It dipped below 120. So much for your theories.
Second of all, the stock is not 128 today, guaranteed. It is below 120.
Thirdly, Your bullishness is warmly welcomed, but is happening after the fact. It is at their peak. Where were you when the stock was under 100? AOL has been up all on light volume...which implies it is near its peak.
NOT TO MENTION--Two weeks ago the stock was 83% institutionally held. Today the stock is 73% instiutionally held. How can this be? The stock is up up up, and yet 10% of institutional holders have sold out...why? because of the suckers rally that every retail brokerage house is encouraging...traders like you buyying near the peak. It is ok to buy, if you believe in AOL long term. But when you start saying this like guaranteed, it is scary, because all you have to do is be wrong in your timing, NOT in your long term perception.
AOL large holders are getting out...Retails and traders left holding the empty suitcase...
Pack your bags folks, we are heading south...and sooner than expected by BULLS..
I can't believe you think that this mega company is actually going to go DOWN. After all the great news they keep saying on CNBC how could you doubt this MEGA winner. I say buy all you can get before it's all gone.. I wouldn't want to miss out on this one.... It's going to PLUTO !!!!!!!
looks like it took a dip down to 120 1/4, but the market makers stopped the drop cold in it's tracks. shorts better cover, this is your last chance. this sucker won't go below 120, maybe 119 if the market makers let the higher shorts get away with even money, but that's the new floor.