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Re: pedro45 post# 8653

Thursday, 12/30/2010 10:54:57 AM

Thursday, December 30, 2010 10:54:57 AM

Post# of 34471
There is no lack of buying. There are probably ~5.5 million shares short right now. The recent buying has been huge, but was insufficient to allow appreciation during the onslaught of shorting. The fact that there are that many shares short but the price has held almost $1 above the old 52 week high should tell you something. If it doesn't then you are seeing something that I am not or your frustrations are impairing your better judgment :)

The next wave of buying will find the shorts out of ammo and with no option but to cover. That will create a cascade effect and will propel the price to a level that will probably align better with your expectations.

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