Sino-Global Shipping America (SINO)

[value1008]

Excellent point, Matt.

Meanwhile, the stock today, having surged above its upper Bollinger band at 3.22, keeps moving back down to test support there. [UPDATE: oops, the stock just broke below that--darn.] I'd love to see the momo traders, noticing the big volume, come in here and really rip the shorts to shreds with a huge move over $4.

After all, fundamentally speaking, this new agreement should, i surmise, provide extra revenues to compensate for the extra dilution that occurred on the share-offering in Feb.

Btw, i noticed at Nasdaq yesterday that shorts are listed as 905k shares, down from the prior period's 963k or something. But that's still a high amount relative to the float, and could be material for a major short squeeze unless the naked shorters seriously go to work. I'll have to keep an eye on the Reg SHO list to see if naked shorting is occurring again. SINO was on that list for a while, then dropped off....