Havent posted in aq while, made a few bucks trading WDC and MEL and BSL and ROL.
Now entered ALL at 3.76.
Count: There has been over 10m shorted since a month ago from 4.20...yes where we last entered!!
In last 3 trading days there has been over 3m shorted.
Today my calculation is well over 400,000 shares shorted with naked shorts having fun too.With only 151,000 shares on screen to 3.90 and maybe double that in total...this stock is ready for a hard bounce.
Just to cover todays short and naked short will take it back to 3.90 but guess what its T+3 time!!! and dont we love that...that means short cover time.
See you at 3.30pm for the short covering to begin. This short has been very stupid today in my view.
Downside 5c to 3.70 short term upside 20c to 3.95. Ill take some of that after 3 days of selling.
