Post by
joebravo on Nov 16, 2023 5:03am
Shorts...
As Chartwell makes a 52 wk high, Sienna is still trading under $10, but I believe long term this will change.
Chartwell, with 240 million O/S had approx. 924k short interest Oct. 31.
Sienna with 73 million O/S had approx. 2 million short interest Oct. 31.
What's the matter with this picture? If it wasn't for the shorts, SIA would be trading closer to $12 plus, IMO.
Comment by
traderlong2 on Nov 16, 2023 7:30am
Joebravo That is exactly the issue SIA should be 12 min shorts have been running the show we could get to 13-14 with a surprise and a squeeze would love to see them caught regardless they will eventually move on my DD has them short in the 11.40 - 11.70 range so if we can get this into the 11's they should start to cover good Q ahead, divy safe not much down side here imo glta
Comment by
JosephM1 on Nov 17, 2023 2:05pm
As the realiziation that interest rates have peaked and will be slowly falling throught 2024, share price is going to react very nicely.
Comment by
moneydigger on Nov 17, 2023 2:04pm
Chart looking primed. Looks like some shorts will get squeezed here. Also see a cup and handle formation on chart. Looks like SIA might go for a little run here.