Spansion Inc. Message Board

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Technology Stocks : Spansion Inc.

CY 23.82

0.0%

Apr 16 5:00 PM EST

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From: bobs10	3/18/2008 2:18:52 PM
	Read Replies (2) of 4590

Hard to say what's going on today, but it looks like we may be getting some SFUN buying of SPSN shares. I was somewhat worried that there would be a sell off once the deal was completed, but evidently that's not happening. Hard to say how much of today's action is macro market related and how much is related to the completion of the merger. Still, the volume is pitiful and until SPSN starts consistently trading 2 to 3M shares a day the shorts have little to worry about. With the high volume trade today being about 15k shares this is all little guy buying that's driving the price. That's not going to put any fear into the shorts. Still only a SPSN long can really appreciate an occasional up day. The biggest mistake the shorts usually make is staying at the party too long. Hopefully that will happen this time too. It looks like the shorts tolerance level is about up $.20 today.

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