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Post# of 249131
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lugan

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lugan

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Sunday, 08/29/2010 11:39:01 PM

Sunday, August 29, 2010 11:39:01 PM

Post# of 249131
When WAVX SP reached 3.6 on 6/25, the short position was between 7.5-8 mil shares. All the numbers I have seen since put the short shares consistently at around 7.5 mil. This made me wonder what the average short SP might be. By averaging the high and low SP between 6/25 and today I see 1.80 for a low and 3.6 for a high. This would give a rough estimate of 2.7 for the short average cost. My guess here is that a significant number of shorts would need to cover as SP moves past 2.70.
Contrary analysis is most welcome.
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