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Lions Gate Entertainment Corp. Message Board

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  • wanna_million wanna_million Oct 18, 2012 11:01 AM Flag

    Steady Accumulation all day

    From 9/14 - 9/28, 943,000 short shares were covered. We have a balance of 12.8 million shares of which 4.6 million originated at 15-16 at the Hunger games run up in March which is at the all time high. Therefore the remaining short position is perhaps attributed to hedging long institutional purchases at prices much lower than that. This covering will certainly drive prices higher as we approach earnings

    I suspect institutions are buying some shares to cover to create a steady and gradual price increase leading into earnings and Twilight and will reign in the daytrading hype by shorting again at $20 IMO

32.43+0.49(+1.53%)Apr 24 4:01 PMEDT