the stock is seriously overbought at these levels. the trades around 9 this morning stopped at the top of the down channel, and from the looks of it, i think we'll end up with a one day reversal today. i think we will have at least a 40-50% correction on today's jump within the next couple of days.
but the shorts have already taken over. my short orders didn't go through since the stock was "unavailable" through my broker. will try again.
Somewhere, thanks for stating your position even though your comments make it obvious you are short. Surely you dont believe what you had to say. Anyway, I dont care, I sold at $8.50. I still hope you are wrong since I tend to look at shorts as spineless people.
by the way, what's with the comment about shorts being spineless?!! stocks go up and down, and if you can catch them both ways, you can make a lot of money. i play both long and short, ride the waves and double my chances of making money. don't see how that's spineless...
i haven't been able to establish a position yet, so technically, i'm neutral. i don't trade long term. i also don't deal with fundamentals (much). short term, this will see a pullback. here's the chart, if you care.