I see the reversal? The shorts can cover cheaply on down days. No need to short, the shares come to their bid. We have held up pretty well considering the meltdown in the market. However, our breakout post earnings has been denied.
I will retract my previous comment and say that at this point, it is not likely that this will close over 24. Fear and Panic is setting in and the lemmings will continue to sell with worries about QE3 and the fiscal cliff.. Republicans in office want to see America fail, even now., they should be ashamed.
I would not bet my last dollar on that prediction. I will be happy to stop the bleeding. Longs need a little good news to get us moving in the right direction again . The general market malaise is not helping mattters.