AI
Monday, November 26, 2012 12:02:23 PM
$CBAK, one of my devastated longs is on a no news, massive rally this morning that is either news coming or someone punishing the peyoties out of some over aggressive shorts:
http://www.bloomberg.com/news/2011-11-28/largest-nasdaq-short-interest-percent-increases-as-of-nov-15.html
It was #13 on the short list!!! They did a R/S recently to save Nasdaq listing and now have a very credible, well credentialed independent director (College professor from Austin, TX) announced last week (to solve the last Nasdaq problem) that did not move the stock, but it is on afterburners this morning on just 250,000 shares, that sent it up 60% already. Book value is still about $8/share, trading around $3 high right now.
I missed the low, waited too long to add to my old longs :(
But I am still long
(LOL)
http://www.bloomberg.com/news/2011-11-28/largest-nasdaq-short-interest-percent-increases-as-of-nov-15.html
It was #13 on the short list!!! They did a R/S recently to save Nasdaq listing and now have a very credible, well credentialed independent director (College professor from Austin, TX) announced last week (to solve the last Nasdaq problem) that did not move the stock, but it is on afterburners this morning on just 250,000 shares, that sent it up 60% already. Book value is still about $8/share, trading around $3 high right now.
I missed the low, waited too long to add to my old longs :(
But I am still long
(LOL)
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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