"shake 'n' bake"
> By the way the chicken is going down like you said. Good call.
When Candle Stick made the reference to the implausability of a "short squeeze", he was doing so under the assumption the SEC has approved CDRD's S-3/A.
Two weeks from now, this may come to pass. . . and at that point, I would agree with CStick. But until then, had I shorted, I would have worried about the "squeeze" factor.
The short interest as posted by NASD
CDRD
922,063 May
690,847 Apr
14,617 Mar
11,691 Feb
29,308 Jan
The big time shorting during Apr occured as stock price was climbing from $11 to $14. The addition shorting during May occured as stock price climbed from $14 to $20 and then back to $16
So, I am guessing that those who shorted, did so at levels lower than the stock price of $17 3/8 today.
> Can the stock actually go to 21?
According to Yahoo!, there are around 4.2 M shares in the float and with almost a million in short interest, you could very well see $21 in the coming week.
Cheers. George |
