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Message: Shorts

Re: Shorts

in response to by
posted on Oct 20, 2009 08:37PM

John,

If those numbers are correct it's both surprising and scary...i would have expected that the recent tumble from around the $.40 mark would have included a lot of short sales...y'know, given that the "impending" bad news of Oct 8th could give the stock a real shi* kicking...and that they could cover at a much lower # in the teens or early 20's and make a killing...but the lack of reported shorts seems to indicate that a good portion of the selling has been "throwing in the towel" straight up selling...then again, we're on the verge of tax loss selling season so that could have played a part...as could also the triggering of stop-losses...However, to put even the slightest of positive spins on this, as a friend of mine always says, "there were as many buyers as there were sellers" during that period.

Guess some folks have reached their patience limit and aren't as committed to "going down with the ship" as you, I, and a few others seem to be.

We must be the most foolish of the fools.

Cheers

LP

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