shorts don't have any other choice. over 2.8 million shares short and will take 5 days to cover. bear raid in place to shake out cheap shares before they start to cover. i hope no one is going to sell into their hands.
Short covering helped it get to 2.82+...volume precedes price...but market looks real choppy and the old adage that markets never bottom on a friday...i doubt whether LSCC can do much here...all the good news is already out...so what is the catalyst now to drive it higher...disappointed ...blame it on techs and semis not acting well..blame it on market going down to 1050 on S&P for an 8% correction...basically we are stuck and it sux..
the amount of shorting has risen, they'll keep selling into the market because the market isn't healthy. once the dust settles the shorts are going to have to cover and it's going to take five days of strong buying to cover. the squeeze trigger price for shorts to start shaking is $2.93 keep an eye on the volume, it's going to be your first hint of covering. if i'm right the volume will strike 2-3 million then you'll know they're scrabbling for shares