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Re: southacresdave post# 282

Tuesday, 03/27/2018 2:34:13 PM

Tuesday, March 27, 2018 2:34:13 PM

Post# of 1385

I LOVE buying stocks like this: That are UNDERVALUED, with solid prospects, & when the short-risk INCREASES (post-profit) as the business improves. Because EVERYONE is happy. Shorts can take their profit, & those going long can take the sure ride,...

It looks like the stock COULD GAP if the shorts aren't careful. On ONE HAND they would WANT that, because it usually lends itself to the creation of upside near-instant price-exhaustion, & they can grab some momentum from the selling & profit-taking, to pressure the price lower...But on the other hand, they'd be doubling-down on risk & at-present they still maintain a substantial short position relative to liquidity (DV).

ITM, last week it seemed pretty obvious that they (shorts) were TRYING to contain & pressure the stock down into a re-test of the 200MA (@ $4.90), but the BULLS were NOT having it!! They held $5.00 strong since, & should see more upside here as shorts continue to unwind.

Which means that ANY NEW test sub-$5 now just = A LOADING ZONE!!


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