I bet they are screaming about the .09 estimates as they expected LGF to fall flat again on Earnings Release. Did you hear the amazement of analysts when they were in disbelief that the quarter was as good as it was? I believe the shorts were set in position to capitalize on the Twilight fever and now they have to cover because of the stellar results and excellent forward guidance of projects in the pipeline. We will get the twilight effect with the added bonus of short covering from those expected the company to earn only .13 per share instead of .53. But be prepared.....Hedgefund managers are ruthless....if they are at a loss for covering....they will short even MORE to shake weak hands out. Remove your stop losses.....sell as you want, but do not show your stop losses to the marketmakers. IMHO
I cannot stress enough, based on what I know, we will see some serious upward movement. LGF is trading higher than its 50DMA and setting new highs. This indicates that the only source of supply to cover short positions will come from profit takers, rather than people selling to get even on a position they may have been holding in their portfolios at a loss. A stock trading at a new high also indicates it is unlikely that the short sellers are in a profitable position and that may make them more motivated to cover their short position.