30 Apr-1May 1st Hurdle $56.28, short squeeze to $60
As of Settlement Date Short Interest is Avg Daily Share Volume means Days To Cover 4/13/2012 2,034,275 518,740 3.921570
In English, you get a pop in anticipation of earnings approaching another breach of the old high, and we might see another dollar in the wake of a short squeeze that could last as long as four trading days given, the number of outstanding shares above, and if every short share was liquidated. There are enough shares short still, even close to one year highs, to trigger a pop of significant value over the last high, which has no resistance above it.
Force behind the possible uptick: We are still in an uptrend with higher highs and higher lows on increasing volume, about 150% normal volume approaching blowout earnings Tuesday night.
Run up till earnings could take us much much higher. I think we could touch $60 by lunch Tuesday, with an outside chance of as early as close of regular trading day Monday.
Force behind the possible uptick: The real force is the threat of obama getting re-elected!
Run up till earnings could take us much much higher. how can more earning come if they aren't taking anymore orders? They could open up a new shop to fill more orders, but what if obama loses and our guns are safe?