InvestorsHub Logo
Followers 4
Posts 665
Boards Moderated 0
Alias Born 11/17/2009

Re: systrader post# 6957

Monday, 11/15/2010 10:49:34 PM

Monday, November 15, 2010 10:49:34 PM

Post# of 34471
Someone should inform him that his math equals one million short shares covered during the last two weeks of October, however we traded a staggering 11 million shares during that same period. So what does he attribute the other 90% of the action to?

Also, according to him, only 25% of the outstanding short interest covers and that is the key fuel for a 150% run up in price? If that is his assertion, then he should be long because when the other 75% covers we should see another 450% appreciation according to his gorilla math.

Along these lines: I think many are going to be amazed when the new short interest numbers come out as I expect them to be as high as they ever have been. The squeeze is still very much on IMO.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.