Tuesday, February 12, 2008 6:38:12 PM
This is also from another board:
1.7 million "short shares" as of 1-31-08 is great news. That means that 1.7 million shares of ACEL need to be bought by those short ... to cut their losses on the next pop up.
I would have quessed that less than 300,000 "short shares" were left after the recent run from $1.45 to $2.69.
The big "short squeeze" will come on the next move up. The imminent PR announcement of the 316th event ... or any move above $2.40 will set-off the big "short-squeeze" coming. The panicky rush to buy 1.7 million shares of ACEL to cover "shorts" and prevent deeper "short" losses will likely create trading days with over one million shares/day of volume.
The next PR should do it. Any chance of a new foreign rights deal or something else before the PR of the conclusion of trial?
Any thoughts/guesses on schedule likelihood for next PR?
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