My take on the shorts....and how the pros have played it.
posted on
Jan 18, 2008 04:31PM
I think that the big guys have built a short position on this stock that most likely got filled today and it was like a wet dream for them I'm sure. The downward pressure came from a few houses imparticular which will probably end up buying back their shares at a much reduced rate next week. We should find out how much of the shorts covered by Monday{if anybody finds it for the 15th, let us know}.The pros know how to make the money where the action is when they get it to go up and when they get it to go back down and then repeat the process! The more action a stock attracts, the more the pros play it and the more money circulates around it!