There is anxiety on both sides but I think the shorts are exhibiting more. How could you enjoy a long holiday week-end with a short position in MAGS? There is far more risk long than short here. I think a lot of short positions were established today in hopes of bringing MAGS under $ 20. My cost basis in MAGS is approximately $ 15. I will watch the action carefully tomorrow particularly with my trading shares. I am armed to add to my trading position tomorrow if the opportunity presents itself. IMHO the shorts are far more nervous and vulnerable here due to the uncertainty of the week-end.
Whip-Ass has it right. This stock is a hedge against the market. Right now my indicators point to a high probability for a flat market at best with strong prospects for a lower market due to continued concerns over terrorism, the price of oil and prospects for higher interest rates that will stall the economy's recovery.