and don't get me wrong. I think SPN is a wonderful company. It has a strong business and deserves to be at least $45 right now BUT the fact that institutional selling on poor performing stocks begins in November most probably will drag SPN down under $30.
At that point, I really think it will go back to $40-$42 by February 2008
Nice one, Colderwintera$$, looks like you slipped and used your newest alias.
And 300 shares short is not heavily short. And as I recall, several of your last short sells are under water. You were too greedy, so you didnt cover when the stock dropped to $32. $27 -- that's pretty comical.
I'm 5k shares long at $33.82 now, after some swing trading. Flat for now, but not for long.