There is a large short position that may have to cover before end of year. If you are patient, as hard as that is , you should see mid 19s. Based on charts, could break out a bit higher.
and their parents or whomever is assisting with college costs has to check this companies program, I would think. The premise is good, so let's see if they can execute their plan. IPO price seemed high, but $8 may be a good starting point. But then again, who knows??? Roll dem bones......
I just read up on what brands are owned by the company. Seems like these brands would be in demand by people who have money. Soon as the selling stops and shorts start covering may be a good entry point. Watch list .
14.58 M shares short as of Oct 15, 2013.
Short ratio: 3.8
13.70% of float short.
How many will decide to cover tomorrow, especially if they couldn't get it done today AH?
Should be interesting at the opening bell.