NYSEAM:SVLC - Post by User
Comment by
briton Oct 19, 2012 11:31pm
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Post# 20505564
RE: SVL short position rises as @Oct.15
RE: SVL short position rises as @Oct.15 Interesting! Just as an aside, I recall the short position in Google increased to 15 million the week following its IPO, then moved to 300 million when it passed through $200, then to 500 million, before collapsing as Google rocketed through $400. The rest is history.
I'll take my chances staying solidly long with SVL, and hope the short position doubles from here over the next few weeks. Once the short covering commences, we will see SVL blow through the $2.85 - $3.05 resistance with ease.
Cheers,
Brit