Electronics For Imaging, Inc. (EFII)

[KOmani]

Looks like short covering today.

The company had 6.5 Million shorts as of the last report with daily volume of less than 300,000

I am sure that for many, they have a 30%+ gain.

I bought just below $26.50 and will move the stop up as it continues.

I will close out position at the end of the day because I don't want to hold over night or into after hours.

Shorts are usually reasonable and will take 30% gains ....

Will look for an entry tomorrow if no news again. (Or if news is positive - which seems unlikely.)

Will likely target something else if this goes over $30 ... under $30 for a trade entry seems good given the short position.