Guidance and Visibility Message Board

STOCKTALK

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.

Strategies & Market Trends : Guidance and Visibility

AAPL 270.11

0.0%

Nov 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: SirRealist	3/21/2012 4:54:42 PM
	of 208838

UBNT just had its highest close ever. 4.9m short on 2/29. Now at $28.73, it priced at $15 five months ago and its lowest close was around $17.42 on January 5th. It has never traded below about $17.30, nor above $28.97. It was at $26.20 on 2/29 when the shorts were tallied. It never traded more than $1 above that till the last two days. My best guess says 750,000 shorts have covered so that leaves more than 4m. However, since lockup ends in another month, it's not a long swing trade. Perhaps one day or two. I'm hoping for $34.50 which would be a 20% gain. But I got in 1 minute before the close and will take whatever. Btw, (trying to refresh old trading memories) is Friday when.... options or something expires? Doesn't that tend to keep the market suppressed the week before?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next