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Avid Technology, Inc. Message Board

  • cancunguyus cancunguyus Dec 16, 2010 2:56 PM Flag

    On the Upswing and too many shorts!

    This stock has taken off with the upgrade and the restructuring.
    It looks like a short squeeze is on the horizon as there is still quite a lot of shorts out there and they have actually increased from 2,674,700 to 3,040,400 (+13.67%) this past month. This will take 24.4 days at current volume to cover, so if the trend to the upside continues, this should break $20 and change very soon, then the next move will be to $25 and change.
    I am a long on this stock and glad to see that there is life to it again. Let it run as the squeeze begins!

 
AVID
4.93-1.99(-28.76%)Feb 24 4:00 PMEST

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