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Nautilus Inc. Message Board

  • successful_01 successful_01 Sep 19, 2003 4:09 PM Flag

    Up for the 6th straight week

    The trend continues and is getting stronger:

    Week Ended 9/19/2003 $13.60 Weekly % Change 12.9% Weekly Volume 3,470,200
    Week Ended 9/12/2003 $12.05 Weekly % Change 1.3% Weekly Volume 1,677,700
    Week Ended 9/5/2003 $11.90 Weekly % Change 1.7% Weekly Volume 1,406,900
    Week Ended 8/29/2003 $11.70 Weekly % Change 3.6% Weekly Volume 918,800
    Week Ended 8/22/2003 $11.57 Weekly % Change 2.8% Weekly Volume 1,088,500
    Week Ended 8/15/2003 $11.06 Weekly % Change 0.9% Weekly Volume 893,600

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    • Thanks for posting the information.

      What struck me the most was the volume this week.

      Is it reasonable to assume the doubling of volume (and more) is attributable "mostly" to short covering?

      I am guessing of course that new investors joined the ranks of the longs, but have to think that the dramatic upswing is short covering.

      • 1 Reply to drumnbasssmartass
      • "Is it reasonable to assume the doubling of volume (and more) is attributable "mostly" to short covering?"

        I would certainly expect that short covering added fuel to the fire but given that the increase on Tuesday was not straight up in an hour but gradual over the whole day I would think we picked up a good portion of new longs as well. My guess would be that after this week we still have 5 million short shares to be covered. We will not know this information, however, until October 21st when the Short interest for the period ending October 15th is released. All said we still have good potential for upside. My bet is that we will hit $15 in the next 30 days.

22.770.00(0.00%)1:16 PMEDT