Long must be patient.The stupidest thing to happen to longs is for DMND to sell 12 mln new shares at today's prices. This immediately lets the shorts off the hook.
True. For a real short squeeze, volume would be much larger than average, especially with this high short interest. Volume today will finally reach the moving average Yahoo quotes. Nice action today, to be sure.
Not yet it isn't... They just paid a dividend and haven't cancelled that I'm aware of? They are not going to do a secondary. Where did you see that? Notice how few shares it took to knock it off its high this morning? Way too easy to manipulate this stock = safety net for the shorts. I bet it wil take a solid close over $26 to send them scrambling.
In the announcement, they mentioned decreasing their debt.