Alright squirrels, I've got something here that's a little different than our beaten down plays. STAC looks like it's ready to explode...a couple of months ago I liked it around $3 (didn't buy any) . They've got good things going in the high tech arena (crash protection, encryption, etc)...a real company with real products and big customers (the likes of Quantum, IBM...etc)...anyway I started lookin it over again yesterday...the slope of the chart blew me away...hardly any pull backs on the current climb...almost thru the 52 wk high...this one is strong!
I think I found the reason...big shorts...big dumb shorts...over 13% of the shares are listed as short!!! ...whoa (as Fonzi say's)... Based on recent share price, the company has obviously turned the corner...check it out. As of December 9, Yahoo lists 2.3m shares short out of 17m float!!!! Ooops...me thinks someone fell asleep at the wheel...
The other thing that's cool...no SI or Yahoo play to speak of...this thing could pop into the teens like a ripe zit (ouh, sorry)...!
Anyway, I' m goin in during the first hour or so, then I'm gonna throw it over to a few other boards. I know everyone's busy with other plays, but I think this one speaks for itself. If the market cooperates and we get SI on it, this one will go...it has to...this is SI against some dumb short fund...
Sorry for the hypeness, but I like this one alot...wuddya think?
SR |
