1260.......good points. And I believe in line with that logic they entice a little margin in this area of $2 - 2.50 cause they can work this narrow range so easily. Until a major catalyst changes the revenue picture I expect them to yo-yo this narrow range with the swings in the dow. JMO.
Interesting analysis. Such a short position would be in big trouble with good news. I find it remarkable that the short position has been relatively stable at around 7.5-8 million shares since the June 25 Russell reconfiguration.