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trader53

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trader53

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Re: None

Friday, 07/23/2010 12:24:10 PM

Friday, July 23, 2010 12:24:10 PM

Post# of 94541
I suspect that the shorts are covering today,

so they don't get "Short-Squeezed" next week.

They are protecting their profits that they have made during this latest dive in the price. They don't want to have to chase the stock next week and pay the higher prices to cover their positions. They are buying the shares back at todays low prices to cover.

Again, Monday should be a "kick-Off" day to begin a multi-day climb.

http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p07129919409
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Volume:
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Total Trades:
  • 1D
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  • 6M
  • 1Y
  • 5Y
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