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Re: baomike post# 5449

Thursday, 12/08/2011 5:01:46 PM

Thursday, December 08, 2011 5:01:46 PM

Post# of 28022
Heh, I think you need to reread my reply. I fully understand he is talking out of his behind. If the float is 25M it is impossible for there to be 35M short interest. The total short interest is probably ~600k now. And for the record I was short at 2.03, then covered at 1.88. Then short at 1.87 covered at 1.78. Then short at 1.83 covered at 1.79. And now short again at 1.70 overnight. Too jumpy to hold for too long, but if it continues the downtrend we could see a deeper crack into the 1.40's/1.50's. Especially considering the big ask earlier today and the norm being a small bid. At one point there was only 8k shares between 1.69 and 1.59 on the bid and 60k on the ask. Pretty nice.
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