What is amazing is that the short interest is at almost an all time high only surpassed by the Dec. 99 run and the stock price was at a 3 month low during the week ending Feb. 14, 2003. That goes against any rational trading strategy. The shorts are making a big bet that IDCC is going alot lower than $11.50, back down to the $5 level. As somebody already posted on this board, I would like to get into these people's heads. I would like to know if they know something I don't know.
We saw during '99 longs doing the same thing, for all the reasons longs pay out the kiester when they know they should not. Irrational?
Right now the market is on the longest, sever, sustained down turn in our history, just like the '99 run up was the longest most sever run up in our history.
With the threat of the world coming to an end and the long downturn, the shorts think they can't loose. But they are getting scared. Just look at AMS. I had to finely put him back on ignore last night. I just don't have time when in the field to wade through his tripe.
maybe this is a sign that the bottom is near.
Nice price action today. Can't keep a good stock down!
Mike
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