Corvis Corporation (CORV) Message Board

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Technology Stocks : Corvis Corporation (CORV)

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To: buysell1929 who wrote (2746)	10/28/2004 11:01:57 AM
From: im a survivor	Read Replies (1) of 2772

<<Has anyone noticed that the short interest went from 1.6M on September 15 to 0.6M on October 15. What do the bears know that we don't?>> Is that split adjusted? Numbers seem very odd taking into account the RS... Regardless...$5 is like a magic number....stocks, even dogs, always get some buyers at $5, as many stocks see a pop as they drop to that level and then get some buyers...it's called the "$5 pop".....plus, lest not forget the stock is down...what? 70% or more...Shorts are pretty smart folks....Unlike many longs that dont sell and take profit due to greed and end up watching gains turn into losses, shorts are very nimble....a stock that has gone down over 70% has made most shorts very good money....at $5, they too know there could be a pop up, or $5 could be a firm bottom..that is not known until we see whether a stock holds above $5 for an extended period or drops below $5...so, most smart shorts probably covered, took their profits as we headed down towards this level....just an opinion, though....

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