It looks as if its going to be a huge day. Gaping to $2.07 in pre market already.
Its starting to look like a very dangerous situation indeed for the shorts. The markets have turned around and stocks are trading bullish again, RAYS has signed new contracts and has recently expanded into Europe.
And now RAYS is trading just .40 cents and change from its all time highs. The stock is trading higher volume then ever and has very strong momentum, as many have said, RAYS it trading like a steamroller, plowing throw anything put in its way.
What makes this so dangerous for shorts is if RAYS can surpass all time highs, it could really go crazy, the sky is the limit, there is no more resistance past $2.50, its nothing but green sky's ahead.
At this point any number of things could happen. We could see a buyout offer or a contract with one of the majors, either one of these would drive RAYS over the $2.50 mark in a heartbeat.
Its beginning to look like the shorts biggest nightmare might come true here, we are closing in on all time highs very fast and RAYS is trading stronger then it ever has before.
