I don't play the short trade and I never ever will. Betting that a company and investors will lose is diametrically opposed to my investment philosophy. For those that do it, God bless them, they have a stronger stomach than I do. Morals, well that's another story. Especially when the campaign is generated by guys like Sykes and Lebed who are probably on the job again, whether or not they put something on their websites this time. Who else has the kind of following to generate HUNDREDS OF THOUSANDS OF SHORT SOLD SHARES?
I was merely pointing out that anyone who is shorting this stock is on the clock now. They have 13 days to cover. Period. SEC and FINRA regs now require this, since the stock went down more than 10% in one day.
20110316|CPOW|554435|0|1641119|O
That's todays RegSHO report. 554,435 short volume. Zero short exempt volume.
The math: 34% of all shares traded today were short sales.
If the company comes out with a signed, sealed and delivered Chinese deal the squeeze is on, IMHO.
There is much to indicate that it is happening (Chinese deal), but it's all speculation and reading between the lines. We need a solid PR. And I wouldn't mind an announcement to accompany that which says that the company has gotten some Chinese investors onto the Stock Register.
And maybe they have another trick or two up their sleeves - bringing on more executives, hiring an IR firm, preparing for an uplist. Who knows?
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