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Replies to #10268 on OracleTrading
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JJdivini

12/20/07 11:25 AM

#10270 RE: K-Pax #10268

Re: ONMC

If there are shorts on this stock right now, they better be careful since once the symbol change is processed and the company releases news at the same time....shorts will not be able to cover fast enough since most brokerage houses will halt trading until the new symbol is implemented.

Shorts will get handed their shorts on a short squeeze. their borkers will have to place a call on their short position and they will be forced to cover. once this happens, it will add more pressure to an upward movement of the stock price and the shorts loose more money in the process.

gotta love a short squeeze!


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RingDaBell

12/20/07 11:32 AM

#10272 RE: K-Pax #10268

.<font color=green>ONMC Daily Chart

Support .11, .10, .08, .05

Notice the pattern, this has happened IMO you have to test support to move higher, look at the trend line, we are right on track.


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Bull Trader

12/20/07 12:14 PM

#10280 RE: K-Pax #10268

i will buy a million more shares of ONMC today if i have to. i dont give a F and people know i will. im just letting the sellers sell right into my hands. done deal. see people at a quarter soon. also, im not selling a single share because i dont feel like paying taxes in the spring. anyone who sells before Jan 1 will have nice taxes to pay in spring...i guess smart money long in a good stock knows its better to hold.