Monday, July 09, 2007 8:11:22 PM
The June short interest was up 900 percent BEFORE the spike to .065. I think there are probably 30~40 million or more short shares now. They've been waiting for it to crack the 50 and head on down as I would if I were short.
I've shorted stocks many times and I promise you they are all over this like ticks on a hound. This week will make the .065 spike look paltry in comparison.
Totally unexpected. When I saw the headline I was thinking Oh crap they've diluted us, but the reverse is actually true. I'm sitting on mine, .10 is not even going to budge me.
Any long who bought in the last week is probably looking at a 15 bagger this week, maybe 20 if one of the deals get done. Talk about a freakin reversal bust out nail a short gapping running MF...this is gonna surprise everyone I think.
JMO.
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