Replies to post #12898 on Short Term Trading Member Forum

[BlissBull]

Manti - I just explained to you that a short interest ratio of more than 1 is bullish, and less than 1 is bearish... now you want to short a stock with a short interest ratio of TWENTY!... (ENWV)... fortunately, there are so many shares short now (almost a third of the total market cap) that there are probably no more shares available... seeing as how the company has reduced it's losses to almost breakeven, it is probably about to report a nice big profit... so why don't you BUY it instead?... you are probably looking at the "mother of all short squeezes"...


http://bigcharts.marketwatch.com/quickchart/qsymbinfo.asp?sid=1184452&time=18&freq=7&sym....


http://www.marketwatch.com/news/newsfinder/pulseone.asp?dist=bigcharts¶m=archive&siteid=....


"MELT-UP" TIME!!!

[denmo83]

Hi Manti...

GAP:

Negative divergence is clearly seen in the MACD dating back to the end of May. Also, those gaps between 17.00-20.00 will get filled eventually. Has some support at 25.00, then nothing til 17.00. Hasn't tagged the 20EMA in a while and it's been a bit longer since it tagged the 50ma.


ENWV:

Not a whole lot of chart history on the stock. Doesn't seem to know how to pullback either. I could see why it would drop back to 20.00, but this hasn't been around long enough to find it's true value.

May be a bit too early in looking for shorts. The Hurst guys have the hot hand lately and they're looking for more upside.

On the long side, I like BWNG, CREE, EBAY and VTSS in no particular order.