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Re: nosh-tsherlock post# 40987

Monday, 05/14/2012 11:22:25 AM

Monday, May 14, 2012 11:22:25 AM

Post# of 54312
Interesting theory. There is a HUGE number of shares on the bid right now, and some of that could certainly be short waiting to cover. Continued buying at the ask could hopefully move the ask up and away from the short's cover price and force them to cover at a higher pps.

I don't like seeing the lot size of the ask not change after a 3MM share purchase though...

HNSS