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Itron, Inc. Message Board

rightofway2004 1 post  |  Last Activity: Aug 26, 2014 11:36 PM Member since: Jul 14, 2004
  • rightofway2004 by rightofway2004 Aug 26, 2014 11:36 PM Flag

    Total short interest at the 07/31/2014 was 4,370,819 shares. I can't see why they would be holding this position but it is one of the most shorted companies in the Russell 3000 and it will take roughly 5-7 days to cover. I believe the shorts have attempted to push the stock down whenever it begins to run. Usually happens around lunch only to recover in the afternoon. Look at the daily v patterns which are forming as someone dumps in the hopes the shares lose momentum. At some point even the most convicted sellers will need to cut their losses. What we know now is almost every short is losing money. We also know shorts have to post margin to its positions. When they hit maximum pain they will run to buy. With no known resistance points to look to shorts are now in a very vulnerable position.

    Sentiment: Strong Buy

ITRI
38.99+0.23(+0.59%)Oct 30 4:00 PMEDT

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