Discussion in 'Stocks' started by krazykarl, Apr 4, 2006.
40% of the float is short. this should be fun.....
One of the Hershey Equities, I had 400 shares long of FMD since yesterday morning. When it started moving after hours, I figured price couldn't go much higher than $46.15 USD, and I sold half my shares. I was wrong. Last I checked, FMD traded around $48.00 USD. The shorts have to be very concerned now. Tomorrow's open should be interesting.
yeah, ive been riding fmd back and forth since it was at 22. been very good to me - and the ultimate poor-college kid play.
i seriously think it will pop 10 or more points over the next few weeks because of the short position - it was at 70 this time last year and a lot of people are STILL holding their shorts....
From your fingers to the market's ears ....
ok - i have no idea what happened, but there were big-volume moves down intraday - anyone hear anything?
It looked like most of the shorts covered last night, and in hindsight, I should have sold off my remaining shares then as well. I did sell out this morning when it looked like price was about to head downhill. i considered buying in again at the $43.03 USD support level, but decided catching a falling knife wasn't in my best interests.
Good Trading to you.
as an aside, there were some 100k blocks that moved today on the buy-side. curious to see how this play out.
you too shorts - one of the most heavily shorted stocks i have EVER seen - 48% of the float.
earnings tomorrow. any bears have the balls to call a miss?
this is going to 52.. soon...
just hit the wires....
0.93 vs. 0.71.
48.10 and rising - no short covering detected yet.
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