GREY:SXRZF - Post by User
Comment by
tillbillyon Dec 02, 2010 12:44pm
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Post# 17790245
RE: No major squeeze yet.
RE: No major squeeze yet.Beautiful, informative post. I totally agree with your last paragraph. I am a trader at heart but have quit trading this stock as of yesterday and am now long. I am raising cash from other sources to buy drops. I sold out of BAN and bought more UUU today at 5.50. I intend to sell out some Oil positions to hold cash for post div.These 30 cent run-up days are tuff to trade as just when you think it's stalled....and sell... it pops up more.
Without your post I was of the opinion that most shorts are covered...or intend to stay short thru the x-date. I have re-thought this now (due to your info) I can see that the final whistle is going to blow on this game and the shorts will lose by a wide margin. Unless I see large volume sells in the next 2 trading days I will hold. It is appearing the big money is buying at these levels.They must be comfortable with the valuation.
Thanx again