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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (2549)	11/14/2007 4:29:46 PM
From: bobs10	Read Replies (2) \| Respond to of 4590

you: PS: I wonder if they mean Eclipse rather than NAND (in the story you linked in). me: Certainly wouldn't be the first time some reporter got things screwed up. Actually, it makes sense, but with mirrorbit's ability to morph into various products who knows? Nice day today. The winner of these short challenges is usually the party best capitalized. Today it looked like the shorts finally met resistance from someone maybe better capitalized than them. The shorts tried to draw the line at one cent negative in the last hour but it looked like there was just too much buying. On the other hand the buyers are in acquisition mode and didn't want to spook the market so they settled for 4 cents up and a lot of shares supplied by the shorts. This was especially good news for SPSN shareholders as it was a down day for the market as a whole. I doubt that the price will rise much above $6 in the short term as the buyers want cheap shares and have time to wait. I also doubt that the shorts are done just yet. They're going to need a few more bloody noses before the give up the ghost. It's going to take a little longer to determine if a floor really is forming around $6. Ameritrade was screwed up all day. The volume they list is about 1m shares light of the 4M shares actually traded. Nice volume, finally. I certainly hope the interest in SPSN continues.