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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (33482)2/10/2009 7:18:33 PM
From: SI Bob  Read Replies (1) | Respond to of 78653
 
I've always felt the same way about [t]PG[/t] (<span style='font-size:11px'>LAST</span>: 51.45<span style='font-size:11px'> 2/10/2009 6:59:37 PM</span>) . Wished I owned them but it was always "Wish I already had them". Haven't (yet) been able to step up and place the order.

Added [t]GE[/t] (<span style='font-size:11px'>LAST</span>: 11.62<span style='font-size:11px'> 2/10/2009 7:01:13 PM</span>) today, and found out it had the biggest increase in short position of all NYSE stocks for the last half of January.

Those two events happened in exactly that order.

I consider a large short position to be a positive, but we're a long way away from a market-wide short squeeze. Just some fuel that might get added in about a year. Right now I'm just trying to be very selective and aside from deciding what to buy and at what price, not paying much attention.

I was discussing with one of my people today the fact that SI is very quietly gaining strength in posts, new registrations, total unique viewers, etc, and he humorously but perhaps very accurately suggested that maybe a lot of iHub's penny players were coming over because a lot of really good companies are trading really cheap now, many having nearly become penny stocks themselves.