Sulja Bros. Building Supplies, Ltd (SLJB)

[YankeeAce]

Just looking at the charts it sure looks like Dec 1st was our turning point from the bottom. Shortly after that we turned north in volume and the moving averages are adjusting nicely. Ok, so maybe we painted the close today but a few more of those and we will be cooking. I just hope we keep up the 10+ million volume range for a few days.

My bet is still that you can just about chop the volume in half to determine the real volume that past few days. Since we could be looking at 10-20% of the float trading in a single day that would be anywhere from 55 million to 110 million shares. I believe that there are a few short positions in this one probably to the tune of about 10-20 million shares. I'm sticking to my old estimate of about 100-120 million outstanding shares with most of that in float (float including "closely held shares").