Okay,
I've been trading long enough to know that the way
a price of a stock moves often has nothing to do
with anything but chaos theory. But seeing IMGX
drop under one on what could be only seen as good
news really perplexes me. Does anybody have access
to find out if there are many shorts in December?
Any rational explaination for this (I haven't checked
yet for insider selling). There must be something
going on that most on this thread aren't aware of.
I know I was looking for momentum, but I did have
another polarity in mind. I really hate to bail,
but It's rapidly getting to my chicken sell off point.
----- This doesn't look bad, but unfortunately, no info
----- on December is available (at least to me)
IMGX NETWORK IMAGING CP
Month Shares Short Avg Daily Volume S/A*
11/97 110,492 329,893 0.33
10/97 144,318 183,153 0.79
09/97 78,248 93,678 0.84
08/97 102,304 158,913 0.64
* S/A = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover. |
