JL.....All Identix
As you may have noticed....There are now 250,000 more shares short...making the total short position almost 1,000,000 shares......and since most of it is in contrarian funds....I would think these are not positions that are covered by long positions.......or calls.
This is an average of more than 12,000 shares per day being shorted over the last month......and the stock has still gone up.....no wonder we have been amazed day after day at the lack of life in the stock.
Very, Very interesting.......I know that 30% of the stock is held by Ascom and Fowler.....and I would doubt that it is free to be borrowed for shorting. And I think another 22% or so is in deep-long accounts or in Commission member hands.
I think the free float may be in the 12 million share range. This might suggest that there is about 8 or 9 % of the free float in short position....and a days to cover of 10.
Rob....Wendell....JL.......First quarter earnings of 5+ cents, another large Midwestern State contract, favorable Sylvan deal, $16 million INS, Kessler estimate increase and up-grade..............Have we got a Mr. Mo....scared shorts....type of thing?
What do we need?.......Could this be it? In your opinions...what events listed above would need to take place in order to make the run to 16+?........Let's play what if...... I think the 5+ and any one of the others would do it......or the $16 million INS and Kessler.....or the Sylvan and any of the others.......So, what do you think? And what would the shorts do.....with a 6 point run?
bg
ps. If the information on Zacks caused contrarian funds to short 250,000 IDX shares....I will eat my cigars.......Nobody is that stupid....are they? |
