InvestorsHub Logo
Replies to #17 on Top Reversals

FinancialAdvisor

07/23/04 11:47 AM

#18 RE: babycakes #17

Good luck babycakes, the tape was very interesting this morning, almost as if people knew that there was a high short interest already out. Perhaps a hedge fund got in there and bought a million shares just after the open, triggered the earlier shorts stop losses off, and than sold out, and than probably shorted 16.80+. Whatever the case, it's running out of gas, and it shall at least return to $13, certainly lower is likely, but given the (rather speculative) industry it's in, I'd much rather give it a conservative target.