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Message: I got a feeling

I am guessing that the shorts may try a nose dive on our sp very soon. The shorts have accumulated a good size short position of 283k over the last 2 weeks, and our sp hasn,t fallen much. So, they can,t make money by watching the sp stay where it is at, and will probably soon make a move, IMO. It seems to me that the buying from the ongoing promo over the last while, was being sold by the shorters, hence preventing the sp from going up. So, I think that may be a good thing, because if the shorts wouldn,t have sold to the buyers, our sp probably would be $2.30-$2.50. It means to me that our sp has gotten stronger and should gap up quickly when/if it goes.

I have been trading other stocks for the last while and am trying to build up some cash to take advantage of one of these nose dives again. If the nose dive doesn,t appear, hopefully I will still have some cash to buy more SLI on a good news day.

This is the only sense I can make out of the short position being that large, someone is gonna try to play it, to make a days pay out of it, I hope I am here when/if it happens.

IMO

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Jul 25, 2011 08:54AM
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