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  • onepoint272 onepoint272 Jan 22, 2013 4:36 PM Flag

    Seeking Alpha - Why aren't the shorts covering?

    It still has to get under $6.55. If It gets under It on lighter volume before the ER then that would tell me the boyz are accumulating; it's only a spring. I think there are buyers lined up there though. As for selling, who's left to sell? 7 million the week of the last downdraft. I think It may have been a selling climax. A low volume test of 6.55 then the short remnant will initiate an automatic rally. Then It really doesn't matter what the ER results are; Its a matter of how the boyz are positioned. The shorts posting here know they are running out of time. They are not going to risk holding short thru the ER. For that matter niether should the longs. imo.

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6.08+0.32(+5.56%)Jun 27 4:00 PMEDT