GREY:ENGFF - Post by User
Comment by
TechnicalBuyon Dec 06, 2005 1:45am
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Post# 9969000
RE: Nov 30 Shorts Way Up
RE: Nov 30 Shorts Way UpThe shorts were betting on a selloff today to cover. Ooops!
Any news now and the stock is going to pop up fast with that much short. Last time it was short that much it moved up from $1.20 to $2 middle of July.
It seems we get about a 60% rise in price with every jump ($0.75 to $1.2, $1.2 to $2, $2 to $3.2, $4 to $6.5) which should put us at about $6 with the next move.
TB