CSIQ- Short covering?

Discussion in 'Stocks' started by eagle488, Dec 5, 2006.

  1. CSIQ took a dump yesterday and then all of a sudden there is heavy volume to the upside both yesterday and today.

    There was a press release today stating that the earnings conference will be on Dec 14th. I dont think that this news was responsible for the sudden volume and price increase.

    Give me your opinion. Is this just short covering or has this recent IPO reached a bottom where a position can now be taken?

    The funny thing is that a new ipo cannot technically be shorted, but the short interest report states over 200k shares short a few days after the IPO.

    My opinion is that its short covering.