SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: bobs102/21/2008 10:49:10 AM
  Read Replies (1) of 4590
 
OK, I realize most of you probably think I'm crazy, the way I keep harping on about the shorts, but in a thinly traded stock that has a conspicuously down history the shorts usually call the shots. The shorts still have a large position in SPSN and aren't likely to give up on what has been, for them, extremely easy money.

However, I sense that the really rabid shorts have moved on and the ones that remain are a lot less willing to throw money at the stock in the range it's currently trading in. That doesn't mean that they wont defend their positions should SPSN start a meaningful move to the upside, but in the current $3.00 to $3.50 range there's not much desire to defend the stock price. They tried to do so the other day and it cost them some money as SPSN shares seem harder and harder to come by.

It will probably take a few more brokerages changing their opinions about SPSN before a real break out occurs. Or, God forbid, SPSN might actually say something that would move the stock price.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News