RE:Shorts covering will take us to over $20True
woolco wrote: The shorts ( a few are clearly those posting negative sentiment here...some more stealth like with "over bought articles, only beat by 2 cents... etc...lol)
The gig is up on ALA...it WAS ...a great short...and its clear that the fog has cleared, new managment, beating expectations, debt in line, divy at good levels, ..and we are now on the move to a more reasonable level.
More upside here now than downside....so short position will drop fast...and that covering is going to drive us up for sure...can't see too many paying our dividends while they also lose money on the rising price.
Good times ahead now for the longs. Hopefully I can get back to break even...lol
Resistance to the upside is well above $20 where alot of us got burnt...and the shorts jumped in.