Les- Whadda make of the low, extremely low levels on VIX, VIN, and P/C and put prices...indicating quite a bit (extreme?) complacency, and yet, short-interest, as of a week ago, was at an all-time high (or near) on NYSE, and I believe pretty high on COMPX too...
Of course, I think this current move is ludicrous, and if I looked purely at VIX, VIN, put prices, and P/C, I'd feel super-comfortable with a big dump here in the next couple weeks....but that large short-interest worries me just a bit.....ideally, I'd like to see it burned off in next 2 weeks as we go silly higher...
Am I silly to worry about the high short-interest? What do your sentiment indicators show? Got a near-term outlook? Final question: Am circling QLGC, any thoughts on that one appreciated.. |
