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ernesttbass

05/14/12 11:18 AM

#40990 RE: nosh-tsherlock #40987

This certainly seems to be setting up for a squeeze. If folks would start hitting the ask, the pps could take a sharp turn north very quickly.

The volume of shares shorted over the last month is incredible.

ASimEE

05/14/12 11:22 AM

#40991 RE: nosh-tsherlock #40987

Interesting theory. There is a HUGE number of shares on the bid right now, and some of that could certainly be short waiting to cover. Continued buying at the ask could hopefully move the ask up and away from the short's cover price and force them to cover at a higher pps.

I don't like seeing the lot size of the ask not change after a 3MM share purchase though...

HNSS