Raystream Inc.(fka RAYS)

[stockpopper]

You might be right in some cases but shorts mounting small attacks on RAYS in pre market has become common place in the last few months.

Every time this has happened, RAYS moves right back to where it was pre shake and already it looks as if today will be no different. I suspect we will be trading $1.20+ in the next few hours.

I think shorting it at $1.25 would be very risky and might prove a very bad choice, I think a break over $1.25 ie the top of the range we have been trading in last few days would be a buy signal for many traders.

Regardless of your position on the overall direction of RAYS, everyone can agree that a significant contract announcement could come here at any moment. I would not want to be short on RAYS when that happens, especially at current levels.