Before most of the recent (pre Nikon) announcements we have seen large volume and price spikes. In my opinion this has always seemed to give shorts a heads up and a lead time to cover. Today however with this surprise announcement just a few days after the Sony announcement (and the non event to neative reaction in sp), it is possible the shorts have taken up large positions again. If that is the case then the Nikon announcement may have been timed (after the market closed) to give then a real case of the jitters.

It will be interesting to see a nice sp surge tomorrow that holds and that hopefully will include or instigate short covering (of huge losses!). If this should occur then hopefully they will think twice or three times before they short ptsc again. If this scenario should play out then maybe we will reduce one of the anchors on our sp now if we can only think of a way to send the MM`s packing.

In any case

God Bless

marc