Shorts are going to get hit hard in the near terms on NLS�IMO.
1) Retail sales are starting to pick up�lots of child credit checks hitting consumers pockets 2) Unemployment claims have been under 400k for the last 3 weeks. Tomorrow number is expected to be the 4th week in a row under 400k 3) NLS has the best stable of fitness products. Fitness is a growing market. 4) Average NLS daily volume for the first 9 trading days of August 2003 has been 212.4k vs. a short interest reported of 8.6 million shares (about 30% of float) on 7/15/2003. That is over 40 days to cover at the recent pace. 5) Dividend of record date of 8/20 is fast approaching. 6) NLS has $60 million of cash on the balance sheet to buy back shares if the board wants to reauthorize a purchase plan.
Tic Tic Tic � shorts your time is running out. See you at $15.