Let me solve that puzzle real quick...someone posted on yahoo that UBS is shorting this stock. I have several reservations about that comment. Number one, a broker/dealer does not place trades for a huge account somewhere. It is possible that a prop trading desk (and there are many) within UBS decided they wanted to establish a short position but they are certainly not going to announce it. I was in that business for several years, although not at a top tier firm. That kind of infomation is very hard to come by. A firms proprietary analysis is highly confidential. I have very good friends who work as analysts and are so tight lipped it is scary. Leaks happen all the time but by the time word would of got out, the order would of been executed. It would make sense that part of the rally that should of happened was cut off by a firm taking a huge short position but that position would of been a few million, something I doubt.
Also, top tier firms are pretty careful about stock they play. I showed TKO to a buddy of mine who works as analyst at a top tier firm prop trading desk (mostly debt and arbitrage, not neccessarily equities) and basically said it looks interesting but as an analyst he needs numbers.
I truly think we had a sizeable long who is just selling into strength. Could be wrong, all my opinion.
We will see next month if the short ratio went up significantly. I would not be totally surprised if it does but I had to respond to the UBS claim.
