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Brocade Communications Systems, Inc. Message Board

  • nonncom nonncom Jan 13, 2003 7:46 PM Flag

    Short interest in BRCD was only 11 mil

    shares in Dec., accounting for only 7% of the float....I can easily see that most would have covered by now.....Isn't the game to cover at the lowest point?...I think too much is made of this, as any fool can see BRCD is on the way up, and will not be going back down to the levels visited before, and to short would probably be akin to suicide....JMMHO....

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    • I agree. 11 mill shorted only takes a few days to cover. Most of those short probably don't have that many shares anyway. They just love to try & pester us longs. I just use tje ignore button, it works well. Breaking above its 50 day mvg avg at $5.61 the other day was a good sign for a short term pop, IMO...

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