Replies to post #6135 on China MediaExpress Holdings, Inc. (fka CCME)

[bradford86]

Imagine you're short 4.4 million shares at a price lower than the current price.

How do you feel?

That's my perspective.

[Drexion2004]

You mean the fact that we surged up 85%+ quickly, then had a very shallow correction and short consolidation period before surging upward today on huge volume and making a new intra-day 52-week high? All on no news and many good catalysts on the way?

Two words: Going higher.

-Fernando

[chensiona]

lol I don't have a TA perspective but I've been learning to appreciate it more and more with the way the market is working.

My thoughts though are its a combination of the semi-smart shorts finally calling it quits, the recent exposure giving us more momentum and traders/longs starting to pile on for earnings.

The great thing is we've done it all without any big announcements since the share buyback. If we did get a big announcement like an aquisition or dividend we'd be on fire.