Jachroch, it was me that was saying that the short interest was low. I wouldnt say that I was "downplaying" it. Just stating a fact pertaining to what short interest is, and how CPOW's short interest looks relative to other stocks.
The shown volume of shorts/day is largely insignificant, honestly. It just shows that there are people playing the short end, and not very significantly at that. If the short volume were equal to or greaterthan the long volume, that would be another story, and I wager we'd see a pretty sharp dip in the price! (though possibly followedby a quick jump as they cover).
The price is holding steady because there is a sort of tug-of-war going on right now. And both shorters and longers are making money off of the bid/ask spread ... IMO.
The predict a short squeeze you look at total short interest in the stock, which is the amount of shorts held presently relative to the avg daily volume. What I said in my earlier post was that if CPOW had 800,000 shares held short, that is onlya third or so of the avg daily volume, or a short interest ratio of .33. You need to have a short interest ratio of about 2.5+, I believe, to start thinking short squeeze. Having a short interest ratio of 1 or higher means that it would take one day or more at present avg. volume to cover all the shorts. Thats when you get in short squeeze territory.
Id love to see a short squeeze on this stock. Cause, Im long!Doesnt mean its gonna happen though.
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