nice little run and today shorts had biggest increase of week (over 30k shs ) man if the samples look good and new business plan starts ticking what a powda keg we have here if more institutional investors get involved.
going to take bigger volume to push past $2. Shorts have shown that they are guarding that level with large asks and close to 100k add in last 3 days. I hope the new institutional buying is just beginning and shorts can't hold them back.
I’m guessing that we’re less than 30 days away from earnings and this time Eno might actually have something to report. The December announcements that both Mvera B5008 and the PVC Modifier I6001 are now shipping along with the announcement that Kenmare will be promoting their films in 2013 should lead to a few sales. This company isn’t all about announcing the sales numbers so I don’t expect any news until the CC but this time there may be something to announce.
I don’t really buy the momentum argument, instead I would expect some of the rise is due to a few of the shorts covering before earnings. The most recent numbers show that the number of shorts are up but so are the days to cover so the potential for a squeeze is growing too. That’s not a very comfortable position to be in if you’re sitting on a lot of gains and want to get out fast.
Trend of 300k shs increase of short interest when latest volume is 80k shs is more than insignificant. If new samples/new business plan looks promising we could see outsiders taking a bigger stake/control of this co. but would like some good news from other side of pond.