As a devout Bokanist I must say..."Nice nice, very nice. Yes yes"!!!

We're down to 49,800 as of Oct. 31st, that's a reduction of 23,300 shares from Oct. 15th when the number was at 73,100. And it is the lowest we've seen since February of this year when short interest was at just 4,000.

I realize I'm pretty much the only one here who pays close attention to short interest...but that is because I view it as vitally important. Shorting a stock like RVX is incredibly risky, and with the margin requirements for shorting a stock this low...well it ain't bleacher bums doing it. Whomever the party or parties are behind the short selling of RVX...there's lots of do ré mi in the pockets.

There are only 2 possible reasons I can see for going short on RVX. The first possibilty is as a purely bearish play, speculating on RVX falling and looking to profit from it. The second possibility, and far more likely in my opinion, is a move to depress the share price and to scare shareholders into selling in order for the party or parties behind the short selling to accumulate.

We've come a long way from April when the number was over 200,000.....but there's still work to do if those behind the selling are looking to cover off the remainder. Based on the numbers I would guess the shares shorted were sold somewhere around $2.50....which means covering around the current price of $1.50-$1.60 means some nice profits. Of course to buy almost 50,000 shares at these prices there need to be others willing to sell at these prices.

We've had 3 days of trading in November, subsequent to this update. In that time I count a total of 72,101 shares trading. Here's hoping that 49,800 has dropped even more.