Replies to post #116 on Short Squeeze Cover Days

[stock2windaily]

That increase is because it should fall! - Actually - the after hours ask is less then the last sale of the day - before close. Bad sign.

Now - Let's taks a look at PCX - for all of those who bought an ole' favorite - I bought without even looking at the chart - LOL. Stock is still bearish! Definatley downtrending.

I should have looked first -LOL- would of made a better entry - I feel that the bottom is near- so no worries - It may tap 5.60, even possible to challenge the 52-week low of $5.25 - - but I don't believe it will go lower then that - and should bounce nicely from there - the shorts actually protect our investment in this case - they will cause enough buying demand - to raise it back up!

Look to exit around $8.75 - It should reach that again. In my opinion.

On a good note - look at all the mutual funds adding pcx to their portfolios - http://www.mffais.com/pcx.html