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New Oriental Education & Technology Group Inc. Message Board

kittycrazy21 6 posts  |  Last Activity: Jul 11, 2014 12:11 PM Member since: Dec 3, 2011
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  • That's a lot of shares.... wouldn't want to be short this over the weekend!

  • Reply to

    If you were short yesterday (May 22nd),,

    by kittycrazy21 May 23, 2014 2:51 AM
    kittycrazy21 kittycrazy21 Jun 5, 2014 10:46 AM Flag

    This is playing out perfectly (and predictably). Now we see the second wave of short sellers getting religion, while others hold onto their pride, and will provide the oomph for the third wave of covering, which will bring us to ten in June in my opinion. Will have some low volume pull-backs on the way, but this is headed higher unless a major market meltdown takes place.

  • Reply to

    Longs, what we don't want

    by walstretguru May 23, 2014 11:24 AM
    kittycrazy21 kittycrazy21 May 23, 2014 11:59 AM Flag

    Cramer's impact on this stock is minimal.

    This is what is going on: OPK closed above its tight trading range yesterday on high volume. Covering is the responisble thing for shorts to do right here. Many won't be smart and will hold over the weekend and maybe another week or two before the pressure is unbearable. Other funds have too large a short position to cover today. Both of these factors will create continued upward pressure in the stock through the end of May and into early June. The interesting thing here is that we are going to have Rayaldee news in the late summer, and there will likely be a battle in late June/July between die-hard shorts and longs (some of which will be newbies with tight stops). The short covering will bring new shorts as prices seem to climb "too fast", and the squeeze will happen. It doesn't take a day! It takes weeks. Today's action is textbook for what you'd wantt to see after a tight range breakout. The MMs have a large inventory of OPK now and are holding for a big move (i.e., not 20-30 cents). Will be interesting to see where it closes today.

  • Reply to

    If you were short yesterday (May 22nd),,

    by kittycrazy21 May 23, 2014 2:51 AM
    kittycrazy21 kittycrazy21 May 23, 2014 10:43 AM Flag

    So far so good. I loved the MMs testing the 8.50 support on low volume. No one selling! High volume right back to the highs of the day, holding higher. So far textbook. Stubborn shorts will hold over the weekend and after a long three days with little sleep start the emotional journey toward covering higher next week, thus taking this higher.

  • kittycrazy21 kittycrazy21 May 23, 2014 10:10 AM Flag

    I disagree. This was a near textbook case this morning. You had the smarts shorts covering early, driving the price up 1% on relatively high volume for so early in the morning. Then, about 20 minutes in we had the MMs through out a classic low volume test--$8.50 held like a rock. MMs aren't accumulating shares (they are inventory), no longs are selling, and now you have the high volume right back near the highs of the day. May take some time to break $8.70 and hold higher, but it is coming. And, it will happen on strong volume. It's great to see the stubborn shorts posting on here--these will be the same folks driving the share price higher next week while they lose sleep and their wives start asking questions... (no offense to the female traders out their, just that there are more men in this business)

  • It's just bad trading to stay short today (May 23rd). You have the stock trading in a narrow range for weeks, closer to the top of the range than bottom; all punctures of the lower band happened quickly on relatively low volume and were largely bought on high volume (creating long-tail "hammers"); rising short interest; and most importantly, just closed well above its upper range band of the past few weeks on high volume.

    The first batch of short-sellers' stop losses are naturally above a close of $8.50, which should cause an early morning pop on the 23rd, and likely cause the start of a new and substantial trend up. Opko has been reigned in and is ready for some higher volatility (to the upside, less there be some general market correction, which doesn't seem likely). Those shorts that don't trade well won't cover and will provide the next wave of panic covering as this stock rises. Should enjoy a few days of significant higher highs, followed by a higher base leading to the early summer, where we'll attract some speculators on Rayaldee news. That's a game changer,, though largely expected at this point. Wouldn't be surprised if we hit above 10 some time in early June.

EDU
22.25+0.31(+1.41%)Aug 19 4:03 PMEDT

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