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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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From: bobs1011/13/2007 4:31:29 PM
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Ok, against my better judgement I bought some more stock at the close. Not that I believe that this unremitting short attack is over, but rather because SPSN seems an excellent buy at the current price and I'm willing to wait for the market to see what I see.

It may seem ironic, but a part of me wants the shorts to keep this selling up. That's because my current plans include buying a lot more SPSN between now and the end of the year and the amount I currently hold is still rather small compared to what I anticipate buying.

Anyway, I doubt that today was a very good day for the shorts. Still they waited until the first waves of rather subdued buying were over before pushing the price down, so today probably wasn't that bad either. The fight to lower the price at the end of the day looked to be an attempt to reduce the price closer to where they needed it. There are a group of buyers(it doesn't look like big boys, but may be) that continue to plague the shorts by placing buys 1 cent above where the shorts want the price to be. That's why you see those battles for one cent go on interminably. Still these are picky buyers that know exactly how the game is played and right now all they're trying to do is keep out of the shorts way while taking advantage of the situation. The last thing the buyers want is for the shorts to give up the game, at least for now.
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