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Lindsay Corporation Message Board

  • philthyesthoodlum philthyesthoodlum Mar 27, 2013 12:06 PM Flag

    Never knew 20% short interest

    That explains the major drop today so that they can cover some shares. With small float alls it takes is selling 200k shares to drop this 8 points with the longs jumping in on selling. I suspect there will be major covering throughout the day if the weakened longs get out the way. Should still close near breakeven for the day if the scared longs hold up from selling.

    Sentiment: Strong Buy

73.33+1.19(+1.65%)Sep 28 4:02 PMEDT