i figure alot of the shorts would cover today but its just not happening yet! whats going on?? csx only up .30cent, this suxs!
they're not covering because the market is still searching for a bottom. the market is up today and everything gets a little benefit from it.
yea you may be right, especially with the way csx was trading today. market up and csx traded down all day, i didnt like the looks of it so i sold my postion out today! i hope i can pick it up under 30.
Price have dropped from a high of 74.65 since May. The stock is a highly recommended stock with 4 buy and 5 strong buy as per yahoo finance sitehttp://finance.yahoo.com/q/ao?s=CSXand the short ratio is only 1.4, so the recent price drop is not from shorting and there would not be any rally from short covering.http://finance.yahoo.com/q/ks?s=CSXbut under activities:insiders have sold 197,553 net shares or 24.9% of net holding and institution have sold 8452730 shares or 5.3% of net holding as per yahoohttp://finance.yahoo.com/q/it?s=CSXIs insider selling and institution selling bullish or bearish? It is not hard to figure this out.
and ur prediction is? inside selln, shorting or whatever i so we go up from here sellns over?