Good Day Folks!

Well it opened as expected (IMO). These shorters will have the new shorted numbers exposed in a day or 2 (not sure with the holidays). This will tell us if they have clawed back or they are in a larger short position. IMO they will be the same or even deeper.

There is definite pressure on the bid side. However, with that much downward pressure the sp has held it's own very well so far. They must be careful as the strength behind the posted numbers is strong as well (as shown before). That said - I would mentally prepare for a hit again shortly or steady hard pressure for a few days as they will have to make another run at this shorting game. They may have some big volume behind them - who knows!?

It is a tough game they choose to play and I have no sympathy for them if they get burnt! I view myself as a kind hearted and caring person but have nothing in my heart for these tactics!!

Just remember folks, that this just presents a good buying opportunity if this continues as I am sure it will. These games will carry on until the permit news shuts it down. Without realizing it at this stage of the game this may be of huge value for some, to be able to continue getting in a larger position before we make our big runs in the near future.

I wish you all the very best in 2011.

Hold strong and Go Long........SLI