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Sunday, February 21, 2010 7:41:41 AM
I've just read some of the posts over the weekend and do not understand all the enthusiasm over the shorts. Do they hold a huge postion? How much of the short position was covered over the past week?
And here is a question...if a squeeze does happen, and the shorts cover, how quickly do you think the price comes back down? If the stock gets to $10/share, wouldn't that invite more shorts? My point is that a short squeeze will not happen here. It happens when there is a large short position and the company comes out with news (like earnings).
Myself and many others will be selling at 2-2.50/share, and will play the peaks and valleys of this one.
I also don't know if we see an uptick in the stock price until Thursday or so. I sometimes see infomercials 10x before I say "I gots to get me one of them squeegees"
daisy27
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