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Briggs & Stratton Corporation Message Board

  • optionstrader4u optionstrader4u Jan 25, 2013 4:09 AM Flag

    Huge short covering going on and should continue for the next month $27 by mid Feb

    at this pace. Right now almost all shorts are under water. This stock was shorted heavily back in Sept. of 2011. from $20 to $14. I can't imagine now that we have broke through $21 that many shorts will want to stay around. Paying that 2%+ dividend has got to hurt them. This stock has a huge short interest yet no one on the street talks about its high short percentage. May come in focus if we get another big move today. jmho

    Sentiment: Strong Buy

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    • I am surprised that Cramer hasn't even menti onef its $5 move since his show promoted it. If the market keeps going up the shorts will have to cover. An orderly short covering of 5 million shares would take a month and would probably spike this over 30. A $1.50 a week is not out of the question.

      Sentiment: Strong Buy

 
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