ukiyo...the short cover...could be a HUGE CATALYST. Please see posts by imperativity for a look at how major this short position could be. Just look at the percentage short sell numbers! Perhaps imperativity can update the numbers that he's gathered...
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Posted by: imperativity Date: Friday, May 21, 2010 6:47:06 PM
In reply to: bankshot who wrote msg# 11390 Post # of 13393
Consider it done:
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|Day |Date |Symbol |Short Shares |Volume | Short as % of vol.
Thursday - 20100506|MOPN|6228024|17287716|O 36%
Friday - 20100507|MOPN|3770303|7450086|O 51%
Monday - 20100510|MOPN|918271|2379984|O 39%
Tuesday - 20100511|MOPN|332438|1878947|O 18%
Wednesday - 20100512|MOPN|1706661|3851387|O 44%
Thursday - 20100513|MOPN|1806173|4722697|O 38%
Friday - 20100514|MOPN|589909|2135240|O 28%
Monday - 20100517|MOPN|506929|1078897|O 47%
Tuesday - 20100518|MOPN|453043|930816|O 47%
Wednesday - 20100519|MOPN|275993|529852|O 52%
Thursday - 20100520|MOPN|147521|393599|O 37%
Friday - 20100521|MOPN|778124|1730044|O 45%
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So, as you can see; on days we have a PR, usually on Thursdays (with today's being Friday) we get more volume and thus more shorting of our stock, which usually starts off heavy on Friday, and then averages around 38% shorted through Wednesdays. Then a new PR comes or is expected, and we start all over again. Until, that is, we get that "one PR" that changes the game.
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I think that we've received that "one PR"...! :)
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