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Message: Re: Sudden Short Covering
1
Apr 20, 2008 03:40PM

Don't mean to be the "the glass is half empty" voice all the time, but is the short covering all that bullish? Do the #'s make sense to everyone else? According to the figures given, in the last 2 weeks nearly 1.4 million shares have been bought to cover shorts (if I understand the table right...). that means that over half the volume over the past 2 weeks has been short covering!? With this latent demand satisfied, are we looking at reduced demand in the coming weeks? If it is a sign of good news coming, then who was shorting us and how do they have an inside track to good news?

Any insight to this appreciated. I can't help but feel either I am not understanding this, or the #'s are wrong.

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