<<If this thing has a big short position, and they haven't covered as completely smooshed as it is, well that might tell ya something.>>
It tells me that the shorts are overextended, probably more than the 4.3M we had through 11/10. The shorts are taking advantage of a dearth of buyers, to walk it down. They've had to short more and more on the big pushes the last two weeks. Wouldn't surprise me if it was over 5M short right now.
Also, re: your comment: <<It looks like Forbes changed their mind on MCOM.>>, we've seen the Forbes tech editors do a flip-flop before, from misinformed to properly informed; this little one-liner from Stevie re: 'running out of money' was slipped in through another avenue. There was also no backing up whether the service will/won't sell, or whether PA/WCOM are likely investors to finish what they started. Just a bogus call, complete FUD. I pity the people whose money this fellow manages, he's just a gunslinging short without one whit of solid analysis. Shorts are ruling the market now, so he *looks* right. Shorts haven't covered, yet, though, so they'd better be careful about counting their paper profits too soon. |
