Upgraded at TD ...with over 11mil shares short and 43.5 days to cover
Ive been buying LSG for 2 years - this is the 2nd highest short position Ive seen besides last month when stock hit .78-.79.
A thinly traded stock with 43.5 days to cover and a major upgrade after earnings? If you have to sell for whatever reason, be careful setting your sell orders too low - there are MASSIVE BLOCKS appearing on my level 2 screen today. It doesnt take much to move a small stock like this up with a massive tailwind in the form of short covering imo.
With 5% of LSG being sold for $1.49 share in Mar 2012...I'm buying a lot more here at .85