FCC: way oversold.
FCC was trading at $1.15 when they announced the acquisition of US COBALT. Now FCC trades 70% lower at 37 cents. Selling from US COBALT's shareholders (who received FCC's shares) is abating. At 37 cents, FCC is building a strong bottom. I am not aware about short positions, but a rush to cover these shorts could be very positive. I personnaly bought 80,000 shares today.