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Neonode, Inc. Message Board

  • mfcav01 mfcav01 Jan 25, 2013 5:30 PM Flag

    short interest

    Short interest as of 1/15/13 is 3,124,604, up ~100k since 12/31. I just bought another 5k shares today and will continue to add on dips. I believe that shorts have it wrong on this one. In the absence of a major market crash, this stock has only one direction to go (long term)....loking forward to q4 earnings and forward guidance.

    Sentiment: Buy

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    • I just don't get it. With all of the fantastic news coming out for 2013, the short interest should be going down. You would think the odds would favor the long trade here. Man what a gamble !

      • 1 Reply to vinnywillwin
      • vinny, Bodeebo said it right the other day...stocks trade on technicals, not fundamentals. We are in an accumulation phase. That's why I have mobilized some additional resources and am buying....bought 5k shares Friday and will buy another 15k over the next week or so if we stay under $5 per share. Eventually, the changes in fundamentals will be reflected in the technicals and we will see a quick pop...imho....I'm guessing 7-10 range.

        The recent news supports my belief in the company. It's kind of like getting news of a psunami in the Atlantic. While I prepare by moving to higher ground, the shorts are taking their surfboards to the beach...imho.

        Sentiment: Buy

1.32+0.08(+6.45%)Oct 26 4:00 PMEDT