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


To: KeithDust2000 who wrote (3620)3/27/2008 9:22:47 AM
From: BUGGI-WO  Read Replies (1) | Respond to of 4590
 
@Keith - Short
"
I think the reason for Spansion´s high short interest is a very consistent business underperformance relative to guidance and expectations quarter after quarter over a very long period of time. Short interest was at around 16M already in mid-2007.
"

I could agree with you here, the environment for memory was
and is tough. But keep the stock movement in mind, you could
short at 14,10, 8$ a while ago. Now, the stock is 2,xx. Its
a topic of chance/risk. Short this stock in the 2,xx - clear,
it could go down in the best case to 0$, but it could go up
fast to 5$ or even more. I don't think mister market is NOW
that keen to be short here, so I assume a big part of the
short-number is related to the SFUN deal. How much, I really
don't know.

BUGGI