Short Covering All,
I believe that given today's volume of shares traded that there had been some short covering. I sell short in specific situations and can say with reasonable certainty that short sellers will not risk being exposed in circumstances where news releases are pending. The shorts have made good money since the webinar and disciplined shorts never put greed ahead of sure profits. Depending on the nature of the release regarding the financial restatements and the catalyst issue, the next trade decisions will become much clearer. Contrary to what one of the trio of wolves in sheep's clothing is trying to profess, weekly moving averages mean absolutely nothing in these circumstances. He, like the rest of us, have no IDEA where the share price will be next week. Again, as I noted in my post of yesterday, disingenuous behaviour on the part of of one of these wolves.
IMHO CMC is a speculative investment. I continue to wait on the sidelines and will remain nimble to move either long or short depending on the nature of next week' release.
Ramjos