On a day like this, we "longs" are reminded that the market is meant for the majority of men--deeply avaricious, radically self-interested, and alarmingly uncommitted to anything but money--generated (not earned( as quickly as possible. We see that values these past 8 or 9 days have, in part, been built on the sand of such low lives. Tocqueville made mention of this 145 years ago in Democracy in Ameica." He found this part of the American spirit very disturbing, yet direct at the same time. He was far too generous.
P, You really have to put these guys on ignore. Marvin is in this because his heart tells him investing in an oil stock raises social consciousness. He is not interested in making money, only complaining and blaming everyone under the sun if his stock does anything other than go up. All the markets are down, the energy sector is down, oil is down, and all the other oil companies are down. And after a second meteoric rise in a year, a one day drop is because of avaricious and greedy people. Yet he is pumping for $20 by year's end, only not because of wanting to make $, i guess he just likes rooting for Triangle. You are right about the shorts. Most were probably driven out during the recent rise. The 10M stat is as of May 30th, before the runup. New short stat through June 15 will come out at the closing bell one day this week. I think Marvin has been running around too long with his pants full and somebody should change his diaper. Over 11.20 still looks damn good to me for now.