One other note on ARTG - I know I posted a cautious comment before about shorting it - so don't want to come across as negative - but isn't it possible that the run up in the first 15 minutes was due to some heavy short covering. Looks like this has been hit pretty hard more than doubling this month. Their good earnings report and forward guidance could have caused a lot of short covering this AM - and thus it wouldn't be fast momo money chasing it up 10
month shrs short ave volume ratio
01/01 4,173,702 3,090,968 1.35
12/00 2,051,418 2,374,157 0.86
11/00 1,343,755 3,263,225 0.41
10/00 1,240,733 1,703,889 0.73
09/00 776,406 1,562,930 0.50
Any thoughts?
Still no position myself |
