Wall Street Journal shows that on 1/31/13 there was 15 million shares short. And on 2/15/13 there was 16 million shares short. Wall Street Journal does not give any later date. So they have increased their position, their attack. Does this mean they are going to take the stock down lower? Piling on? When will they stop? How much lower do they think they can take it?
2/15 16.00 Mil
2/28 15.86 Mil
No change really, but 45% of float short, and the days to cover increase slightly by about 5%. After trying to short MW and getting killed, I'm short a put spread. Too dangerous to own the equity on these high short interest stocks. I see a perfect short setup but could go either way.
If sellers bring the price down for longs to accumulate, what's the problem? I've been enjoying this sideways to down action, picking up shares and averaging in. I personally would not short this stock, but to each their own.
until they buy to cover, but remember if it goes low enough then covering will not bring it back to a higher price such that even with that proverbial "Squeeze" everyone gets wet about you still lose! Only the fundamentals and volume follow through which will cause all the other parameters to fall in line ,technicalsetc., will the stock go higher! as of today the technicals are looking good but no volume it's a phantom as such!