Updated headline: "Keybanc attempts to reassure shorts as SWHC squeeze begins"
13.74 and rising...
Technically it's actually too late for shorts to cover for tax year 2013. Longs use the trade date for tax purposes, shorts use the settlement date. See the Schedule D instructions. I'm not sure a lot of traders know this either
As of Dec 13th, short interest inched up to a whopping 30.9% of the float, and 13.33 is/was the previous multi-year closing high.
With all due respect to Larry Kudlow, when asked if he would be interested in buying out SWHC, Ruger's CEO Fifer said "I would be delighted to acquire them with stock. I'm not sure they would be as delighted, but if you know something I don't, let's talk afterwards."
My neighbor has a Bodyguard... a bit goofy looking but compact and the integrated laser is pretty cool. I went with a Shield for an everyday conceal carry, but it's a bit big for an ankle holster or inside-waistband holster.
11.60 was a barrier in mid-Sept... lets see if the shorts can plow us past. I suspect the recent rise caught a lot of shorts (30% of the float) and many are underwater.
At least ride it up until the price increase is announced... that will be an epic short squeeze... and then it becomes time to take some off the table. Meanwhile... holding 535 today
Burrito maker up 5 bucks why?
Shorties running us up into the close...
Classic early dip (526ish) followed by the shorts quickly turning on each other and begnning the backstabbing... they already have a 529+ Bid... and we'll get a new closing high.
Actually the open for CMG is usually lower, near the low of the day, as shorts pile in. Then the backstabbing begins, we quickly go green, and the short covering ("Afternoon Covering Frenzy") gives us the high of the day at the close.