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Post# of 94785
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derek2000

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derek2000

Re: joenatural post# 55895

Tuesday, 10/26/2010 4:57:50 PM

Tuesday, October 26, 2010 4:57:50 PM

Post# of 94785
CCME - High short interests as of 10/15.

Still 4,391,637, still 50% float in short. This is great news. The stock have no place to go but up.

The previous run up was driving by:

1) CCME buy back (not sure how much but probably mostly under 10.)
2) Institutional buys.

Now any good news (earning, dividend, additional institution buy) will trigger the actual squeeze. No wonder the short was hard at work last Friday to keep CCME under 15 - they are worry about the IBD listing over the weekend.

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