Thursday, October 29, 2009 12:17:03 PM
IMO, the best play is to be a long term investor and hope they get the money.If they get the money..........would you be short??
Not likely it would be insane, especially with all this orchestrated downward pressure that is being put on the stock.It could be like a giant champagne bottle when we hear news on the financing because all the little investors will be able to buy and they will buy with certainty.
The shorters will buy to cover and also participate in the NEW UPWARD TREND.When they buy in.............this change of strategy will make up any loses they still have from the short position. they will not get too hurt me thinks, since they have already made a bundle on the short run over time.
I think there will be huge gapper when the news of financing hits..........That is why you would invest right in here, if you are a gambler that wants large profits.If you can't handle the risk you would wait until there is actual news.
Now today the gap on the chart is filled, the question is ? will they drive it lower?............I don't know?.......may be if they figure they have time.but what if the chill is lifted any day??..........the fun continues.
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