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50 Bagger

12/12/06 9:31 AM

#861 RE: craigttnelson #860

It means that the average shorted price is .43, however, it's unclear whether this takes into account the 4:1 split. This would make the average short price lower.

The encouraging thing for us longs though is the 1.3 million shares that were shorted in November and so far in December at an average price of .16 What this means is that once the price hits .16, over 25% (1.3 mil of 4.7 mil) of all shorted shares will begin to lose $$$, so forget the squeeze at .43, there should be a fairly significant squeeze at .16

That's my understanding of how this works, keep in mind I'm no expert...
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50 Bagger

12/12/06 9:33 AM

#862 RE: craigttnelson #860

Even more to the point, coverage by Buyins.net is a good thing, as now all the shorts are out in the open...