Post by
TheRock07 on May 02, 2016 9:51am
Not enough sellers to cover
Another short feint this am but it failed.
There just arnt enough sellers for them to cover any significant amount of their short position.
The reason is obvious.
Fundamentals are outstanding and there is a buyout in the works.
LOL
Comment by
puma1 on May 02, 2016 9:57am
goldman are the big buyers so far this morning
Comment by
puma1 on May 02, 2016 10:50am
GMP and Morgan each out 50k shares and almost no buys - RBC now on buy side for first time in a while
Comment by
WillyWally on May 02, 2016 10:00am
Longs are as dillusional as shorts in here. I see the stock at -5% right now so I don't think the short attack as failed, not so far anyway. I'll agree with you when I see the stock price in the green today.
Comment by
TheRock07 on May 02, 2016 11:01am
Dont be put off by the volume and short selling. 80 % of todays trading is 5 houses wash trading to assist the down side. But, those sellers have to buy and very few are selling. At some point, they just have to cover. When they do, other astute buyers will be competing for the few sellers..