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MF GLOBAL (DE) Message Board

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  • johngregor1977 johngregor1977 Jan 13, 2009 1:13 PM Flag

    Price allow crooks to cover

    I agree to some extent with what your saying about the MM's. But any equity that is eventually going to rise has to have short interest to achieve higer EPS. Over the course of the last week we are probably taking some long bets as well as a bit of covering. I don't think it had anything to do with the "rumor" and more do do with earnings right around the corner. Most shorts had made their money at the $2.00 mark and probably didn't want to be on the wrong side of a favorable earnings report. Because it 2 bucks there isn't a whole hell of a lot of room to the downside.

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