Replies to post #6877 on China MediaExpress Holdings, Inc. (fka CCME)

[soulstealer]

only 400 now. so no more shorts available.

[Scrot Deep]

I would bet that 40% plus of the float is still being shorted.

[Headley Lamar]

I definitely think that we are heading for squeeze #2, but it is going to take a major catalyst to make it happen. Whoever this big short is seems very inclined to double down and try to close CCME under $15 to make up for some heavy losses. Exactly why I wanted a divi announcement ASAP. I know some here wanted to spread out the major good news but a dvidend would have forced that squeeze right away and kept the shorts from trying their TA manipulation to turn the momentum of the stock.

IMO A dvi would have let us run to $30 and stabalized the trading so that we weren't caught in a pattern of huge swings. It still needs to happen and sooner rather than later.