AI
Monday, July 18, 2011 7:45:02 PM
AOB
Looks like shorts taking profits above $1.00 delisting notice. The short position was around 5% and Short Squeeze reported a decrease of -4.9% today. http://shortsqueeze.com/?symbol=aob&submit=Short+Quote%99
When you see large volumes at the end of a long walkdown, always expect short covering. Especially just above $1.00 listing requirement. Check short interest report to confirm shorts are moving out.
Chart shows a double bottom, shorts leaving confirms mindset change. This info should add comfort to playing a bottom bounce when the resistance down trend line is broken.
Looks like shorts taking profits above $1.00 delisting notice. The short position was around 5% and Short Squeeze reported a decrease of -4.9% today. http://shortsqueeze.com/?symbol=aob&submit=Short+Quote%99
When you see large volumes at the end of a long walkdown, always expect short covering. Especially just above $1.00 listing requirement. Check short interest report to confirm shorts are moving out.
Chart shows a double bottom, shorts leaving confirms mindset change. This info should add comfort to playing a bottom bounce when the resistance down trend line is broken.
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