NOVN has a pretty large short position, and should see alot of covering if the stock moves back over $10..
I should know.. I was one of those frustrated shorts who just threw my hands in the air and covered at 10.50 before it finally broke down to where I was hoping it would.. I suppose this quarter will be very telling and is probably what everyone is waiting for..
I still think it makes a better short then long at this point, but certainly not too keen on betting against Zeev which is why I covered a few weeks ago :)
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