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	4/11/2008 5:12:13 PM
	of 4590

Pretty good strength today. Still the same 2 big boys going at it in a very narrow price range, but on rather low volume. This is a reversal of the action seen when SPSN was falling on its sword earlier. That is weakness at the open is now followed by strength at the end of day rather than the reverse which we saw previously for month after disillusioning month. Neither of the players wants to really test the resolve of the other so the buyers just continue to gently prod the sellers/shorts. Although the buyers seem in control, they're apparently in no rush to accumulate shares, but seem very willing to defend $3. We'll probably see more of the same until one of the parties runs out of funds/resolve (unlikely), or something changes. The short interest figures should make riveting reading. To me it looks like someone/group of someones with deep pockets is betting rather heavily on SPSN. Meanwhile the existing SPSN share holders seem content to watch from the sidelines. The shorts on the other hand seem resigned to limit any SPSN price advances. Without any outside fources we're basically in a stalemate.

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