Jgunter ...no offence taken ... Yep a major Short cover will make them scramble to buy and push up the price... But the shorters will need to see some strength on the Share price... ie break of downtrend or some major bottom bounce...or +ive news
There would be reason that the stock is heavily shorted in the first place perhaps FE is no the flavour of the month right now... Unless the fundamental reason it is heavily shorted disappears it will remain heavily shorted I suspect
But nonetheless the covering rally will present a good short term opportunity if you get your timing right. IMHO
AGO Price at posting:
$1.93 Sentiment: None Disclosure: Not Held
