RE:RE:What the hell is happening?I would be covering before the approach to the 200 dma today.. With short interest in mind their take profit point will be 6.75 and 7 for most. I doubt there are large stops in there as price range only stopped at 6.75 once on the way up, so not many people sitting on breakeven. Anyways, yesterday's volume plus today's is enough to scare shorters of a reversal especially as this approaches the 200.. look for bear trap under 7 and close above, followed by significant drop in short interest heading into tomorrow and the weekend, and a possible run back to $8 next week..
TheRock07 wrote: Shorting is much more prevalent on the US exchanges and NHC is no exception, being an ideal candidate due to its slack liquidity.
It does not change the fundamentals, and those will carry the share price foreward.
At some point and perhaps very soon, those shorts will have to cover.
In the meantime, have some cash for when that happens..