Tomorrow is the last trading day of 2011 to sell the shorts and claim the year end losses. Big short squeez is on its way!! Shorts are peeing their pants right now. The long they wait the costlier it will be to cover.
ok went long 2000 shares
I would look at as the last chance for long mutual funds to sell so they don't have to explain why there in this stock.Any fund that can justify holding it to January, is not going to turn around and sell it. Meanwhile the short interest is extremely high.There is only one way that gets resolved! Cover now while you can do it in the low 30s; mutual funds are on your side (selling) but only as late as tomorrow.
That $33 shortie will be forced to close his position in order to claim year end losses.