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Scio Diamond Technology Corporation Message Board

  • mickeychasetan mickeychasetan Jan 13, 2003 8:30 PM Flag

    about time to short SCIO,,,the hedge

    funds are forced to cover & might get a good short trade here soon. Good luck longs you guys have nade good money on this one recently.

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    • Mickey: I have read some of your other posts and you seem to go both ways, long and short in your stock picks and unlike other shorts you are not rude. It is a pleasant change.

      You may get a point on two if you short this over the next two weeks but probably no more and I would not even count on that this time round. I think between $33 and $34 there is strong support. SCIO's history has been to go up several weeks prior to quarterly revenue news. In addition, I expect the news to be good. There are 10.5 million shares short with 14.63 days to cover as of December. Any good news and SCIO will gap up. I think the upside gain is much greater then the downside risk. Feel free to short at this level but on any news be prepared to cover quickly if you can.

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