Yes I expected a new attempt by shorts just before tonight when the earnings will be announced and tomorrow morning with the conf call as they will have to exit their position. The stock has been relatively stable and could go up significantly soon and given the high short positions still in place, it is becoming costly for the shorts plus they would certainly like to use some of the funds tied with YONG to go after their next target..... Today should be an interesting day and tomorrow too. YONG Q1 should be decent but it is not their strongest quarter, Q2 and Q3 are. As we are in May, they should already have visibility of what Q2 will look like and their guidance for 2011 is what I am looking for, if they confirm their previous guidance, this would be a very good sign that they are on track to meet or beat their numbers. This is what could hurt those short sellers but be very nice for the longs
"and even more importantly before tomorrow's announcement!"
And that 'announcement' may, in fact, come after the closing bell today (i.e., Athan Dounis wrote me last week that a decision had not been made if the numbers would be released at the close today or before the opening bell tomorrow).