Oh by the way, do you understand that every buy has a seller. One million bought, one million sold. Pretty simple. Then according to you, every seller is a "Moron". Scary, maybe those of us long are the "Morons". Food for thought, for someone who has fertilizer for brains. Junior, lighten up or die earlier and sad.
Well, here's to hoping that this "Someone" is right!
And since all these large fund purchases are specially processed through the market specialist, you can be sure that the specialist won't be caught short. With the short count close to 250K... some are going to get burned.
With 112,000,000 shares outstanding 250,000 short is insignificant. As of the end of March 11 Institutions had opened new positions with a total of 10,000,000 shares and 12 more had added another 10,000,000 shares to their existing positions.This was as of 4 months ago. All very positive.