Huge short position created by the Russell 3000 imbalance. Position short increased by 2.3 million shares. That's right around 1/7th the total number of shares registered on Nasdaq right now, based on the recent holdings report issued in Australia. With any news there could be a pretty big crush on the marketmakers. They'll probably be forced to continue to short to keep the price around the mid to high $6 range, which is the likely price range the funds are looking as their initial buy in.
guess what this means guys.
KABOOM, that's right i'll say it again KABOOM.
once announcement comes out these insto's will be fully loaded and this will run hard. the squeeze will be on alright.
niiiiice.
UNS Price at posting:
$1.08 Sentiment: ST Buy Disclosure: Held