Short position increased at 10/31/2012!!! Squeeze coming hard
This is truly an exciting time. We have the build up before the movie premiere: Stars appearing on late night T.V. shows and local news coverage of the ticket lines that started this past week.
We should have a huge box office this coming weekend. We should have several upgrades coming soon as well as increases in the price target. LGF has been releasing numerous announcements/press releases and, I'm sure, will continue to do so.
THEN, you have the shorts. Maybe not 14 million anymore but still a large percentage of that amount. The only negative is the upcoming "Fiscal cliff" and the market sell-offs that may occur. This won't hold LGF down for long but may make for a bumpy ride.
All told, the longs will have a Merry Christmas this year.