Replies to post #373 on Raptor Technology Group (fka RAPT)

[Peggy]

Pd2play has been kind enough to post the short numbers for the past few days. Here they are all together ...

20110217|RAPT|1333004|3041145|O
20110216|RAPT|938695|2432791|O
20110215|RAPT|1488513|5272735|O
20110214|RAPT|2846105|5496573|O

Even though some are clearly still shorting, it is also apparent that a good bit of covering is taking place. Even though about 6.6 MM shares have been shorted since Feb 14, the overall number of shares shorted has actually dropped by 2.45 million. It is also clear that a ton of covering had to take place during the Feb 16 trading day with nearly a million shorted but the total outstanding shorts dropping by a shade under 3 million.

Don't want to read too much into this but it seems to me that a huge backlog of shorts is not developing at this point.

Could one of our technical wizards comment on this?

Good luck to all.

[osu78OnFire]

Paid 2 play where do you get your daily short info? THANKS!