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Walter Energy, Inc. Message Board

  • nysfparachute nysfparachute Jun 14, 2013 4:35 PM Flag

    Likely scenario

    So it turns out that the news was a non-event. I think we get a significant short squeeze on Monday because there are now alot of trapped shorts who shorted into the panic combined with capitulation sellers who couldn't bare the pain as we went to new 52 week lows. So the people who wanted to sell sold, and the momentum late to the party shorts are trapped if we gap up. This is the way I think it gets manipulated on Monday....they force the trapped shorts to cover, causing price to spike maybe into the 14-15 range, and then shorts make a stand and try to work it down again. My guess is that shorts try to make a stand at 14 at some point on Monday.

 
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