Replies to post #8551 on China MediaExpress Holdings, Inc. (fka CCME)

[cashcab]

Well it's interesting to note that shortable shares at IB started at 100K and ended the day at 150K. It's amazing that there are any shares left to short but apparently there is and it's increasing

[pedro45]

I don't know if this kind of action is typical of a stock that mainly is traded by retail or not, but if previous suspicions of the shorts peppering the bid with 100 share lots (as they appeared to following the divi announcement) is accurate then shorty was busy again today.

http://www.nasdaq.com/aspx/nlstrades.aspx?&symbol=CCME&selected=CCME&time=12

It wouldn't take that much money for a hedge fund to get long to the tune of 200K shares and blow up this short position in a big way. If they played it right they could ride the wave of covering and momo trading up to $30.