During the period in which the MTC approval occured, it appears the shorts got out...and then right back in with a slight move up. If you consider the PPS (11-15) was $4.77 and then rose as high #$%$32 (11-27) prior to falling all the way to $4.88 (11-30), one could guess at what kind of action took place (and continued into Dec).
Settlement Date_____Short Interest_____Avg Daily Share Volume_____Days To Cover
Obama and the Republicans will further come to agreement on averting a fiscal cliff. That will continue to drive the market as well as investors wanting to get back in the market before January further optimism comes into play. Friends in the SF bay area wanting to buy a house were outbid on over 8 properties. The market is heating up.
Interesting couple of days to consider...
With consideration to Dr Schwab's stock purchase - which would appear to be the foremost catalyst for this week's rise - what do you suppose has become of the previously considered $5.30-ish convertible ceiling which we witnessed just prior to approval?
Think we've got the spin to break out of the $5's?