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Monday, May 05, 2008 11:03:26 PM
If you look closely, it appears they update the short interest listing mid-month and end of month each month. So, I'd expect we'll see an April 30, 2008 listing on that list soon and so we'll have a more up to date figure. The listing for April 15 is 89,862. Wooop-dee-phreak-in-do, thats peanuts, I can't imagine that anyone has been selling the millions and millions of shares that have been sold over the past couple days in order to drive the price down to where they can buy back 89,862 shares for as cheap as they sold them. That makes no sense at all.
What would make sense to me is if some MM oversold by $50,000 which is strongly suggested by the fact that we're listed as 1032. They're going to have to produces that $50,000 worth of shares that they're thus far short in delivering and so they're trying to drive down the price in order to buy those shares they still need to deliver as cheaply as they can.
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