Yeah I don't see much short covering getting it over 4.50.
$4.25/$4.50/$4.75/$5 are going to be massive walls again imo with all the super discounted shares folks got today looking for a quick buck.
The only surprise we got was Petersen coming to market to release the worst news for them in the past 3yrs. I'm still trying to understand the timing for that hehe.
Shorts have always won here, we all remember the copperfield report in April 2011. I'm not impressed what can I say.
This is the biggest pump day of the quarter for markets and management jacked us. Hell PMI #'s just released for manufacturing AGAIN higher than expect. Market is popping and we're down 22^% hah..
That's why I said if they would have waited till Friday to come out with the nand shortage news we'd be golden $6+ right now.
I got some $4s but that's it for me. I mean I listened to the webcast yesterday and we already got a preview of the next Q coming 10/3.
So i'm calling a bounce back to $5 via technical players then a pullback as the Q disappoints. (I hope i'm wrong)
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