Theory fits the facts nicely.
You wrote: "Paul, the short interest only rose by a total of 500,000 shares in the 3 month period between July 10 and October 10.
And now you think that over the last two weeks, the increase in the short interest has been at least 150% of the increase in the short interest in the previous 3 months?
Quite a theory."
My response: The short interest rose from 2.47 million shares to 2.83 million shares from September to October, a rise of over 300k shares, plus the market absorbed 690k shares from CC's partial conversion. That's about a million shares in 4 1/2 weeks!!
Look it up... I didn't make those numbers up. That is roughly 250k shares a week. If 250k shares a week isn't enough to drive the stock price down, what will happen when they stop selling 250k shares a week? And how long can any one entity continue selling at that rate?
You simply refuse to believe that we have a single large motivated seller in spite of all the supporting facts; CC's conversions, the short interest report, and the Level II tape action.
This certainly makes a lot more sense than your "Superman Trader" theory; which says when CC sells, the stock stays up, and when the CC buys, the stock stays down.
You guys are like two of the three monkeys; can't see anything (because you don't look), can't hear anything (because you won't ask), BUT wow, do you guys like to talk.
Paul |
