Raystream Inc.(fka RAYS)

[Tuneyards]

Why do they have to cover by tomorrow or the holiday? I'm not aware of any rules for when shorts have to cover beyond buyins by their brokers.

What part of a breakout today with barely 1.25M shares traded when the breakdown that occured a couple weeks ago had nearly 7M shares traded in a single day would appear strong to you? From every book I've read about TA, a breakout without volume is extremely unlikely to hold. Does a stock that has two 50% drops in two months look like it has strong technicals behind it? The 10Q was terrible, no revenue and tons of new expenses in the past 3 Months, I can't imagine you thought that was strong? What specifically appeared strong to you?

My position - Short at 1.36 today looking to add more if this approaches the 50% retrace of the Move from 2.04-0.90 in the 1.50's.