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NII Holdings Inc. Message Board

  • hk10502003 hk10502003 Jun 7, 2013 10:41 AM Flag

    Very little volume

    Last few days, the volume is half than normal.

    Especially today, it is very light and shorting is not evident. At this volume, shorts can take the opportunity, but are not doing it, which is good news...

    Sentiment: Buy

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    • With such low volume, hedge fund PMs should be asking the analysts that convinced them to short NIHD..."if NIHD starts to move higher, how the heck are we going to close out our short position...there are 50 million shares short and the volume has dried up to almost nothing...just to cover our position, irrespective of the hundreds of other hedge funds trying to cover theirs, we would shoot this stock to $12+....what the heck were you thinking shorting this tinder're get out."

      • 1 Reply to aw00108400
      • Well, we won't know until the end of the day, but this, to me, is Friday low volume - indicating that smart new shorts don't want to hold over the weekend. Otherwise, I would say that a lot of shorts probably are holding positions that were sold at 20+, and are not feeling too scared yet. It's not going just open over 20 one day on news, although I've had that wish a few times.

        Sentiment: Strong Buy

6.64Oct 8 4:00 PMEDT