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downsideup

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downsideup

Re: downsideup post# 39

Wednesday, 05/28/2008 1:11:21 PM

Wednesday, May 28, 2008 1:11:21 PM

Post# of 41
Popped up to $5.25 briefly today...

Article linked from Yahoo notes that the shorts have been taking it in the shorts and have reduced positions from 4 million short to "only" 3.8 million short at mid month.

Still expect fireworks from short covering before too long, but so far the shares are moving up nicely with only modest covering.
Still see value here at twice the price... but expect the shorts will drive it up more than that in covering.

Also note that they symobl has changed with the shift to the NASDAQ: it is not trading as QCOR... not QSC.

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