OK, I'm watching the stock from the highway today and I see a quick bolt out of the gate.(Being on the road, I didn't know what time the news release came out). I see it open up on light volume, make a steady rise to 1.75 and pull back and then a lot of sideways action the rest of the day.
Nevertheless, it appears the shorting has had little success of late. Even taking into account that wholesalers don't have to pay the commish, there just isn't a lot of room to make real money for them. Being a cynic, though, I still think as the stock rises that the shorters will still be there. They just adamantly refuse to believe that Coco can be for real. After all, it's on the lowly Bulletin Board, the pink sheets. I can understand their actions. When a stock I believe in is falling I keep averaging down because I refuse to accept the fact that it can fall. In that regard, longs and shorts often have one thing in common--denial.
As such, perhaps Shorty needs a Twelve Step program to resolve this crisis. He should see the film, "A Shorter Under the Influence" (is the contest still on?), followed by "Coco Encounters of the Squeeze Kind". You see, Shorty appears to have entered into a series of "Dangerous Liaisons", has become intoxicated by his fantasy of slamming Kid C$MA. His intoxication with this fantasy will surely spell the end of Shorty's "Days of Wine and Roses". In the end, visitors to his former mansion will be met with the sign "Shorty Doesn't Live Here Anymore".
Why did this happen to him? Because Shorty ran into "Coco on a Hot Tin Roof".
Now, if Shorty had only watched the Weather Channel, he would have known not to mess with any Nino this year.
TraderGreg |
