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Nasdaq counts sells and buys to/from Market Makers, so 600 thousand shares traded is a better count. With new buying thrown in, new shorting, and intraday trading due to the crappy market, my guess is that less than 200,000 shares were covered today. We'll see how much short covering occurs tomorrow with Farrell on CNBC and imminent reiterated buy ratings. My wish is that the entire existing short position gets covered, and a new one established at higher prices. Then, when the stock splits, we'll see this new short tally covered and a new one erected, etc. My belief is that THQ will continue to rise based on the strength of the company's prospects, regardless of a huge or small short position, and continue to surprise naysayers with its stock strength (similar to what Dell has done). |
