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Re: dannie30 post# 4778

Thursday, 07/22/2010 12:28:01 PM

Thursday, July 22, 2010 12:28:01 PM

Post# of 11069
I don't know, honestly the short action has me stumped. I'm thinking that whoever is shorting is trying hard to make sure this doesn't breakout, so in that case they'll want to cover into selling. I don't think they'll cover by slapping the ask unless they have to, so that means either they're covering if the breakout attempt fails and some bulls throw in the towel or if the stock breaks .003 with conviction. If neither happen this week, then I don't think they'll cover.