Well, short interest in next to nil, it has actually dropped alot from when they went public in August. Secondly, institutional coverage is up to 9 institutions from 2, I believe. I will see if I can locate exact number and percent. I also saw it somewhere today. The fact that it is dropping on very small volume makes me not want to sell so others can pick up my shares cheaply.
And yes, Nanda, I agree, this is a bit ridiculous. I am also holding because I have found it easy to sell when it starts dropping and then buy back at higher prices, which the market makers also enjoy. For me, this is just a hold, I think in the spring, we will be happy. Unless the whole market goes to hell in a hand basket, in which case, we will not be so thrilled. I went to Yahoo to check all their news this quarter, makes it easier to hold through this BS.
Kathy |