It's desperation …. shorts missed the point of inflection, dived in on the bounce. Over 8 million shorts are flat, well over one third of them, and the others are not really paying their way. The hope is to use volume to push it sown to the low levels, but strong support sits around this point … over 20 million shares soaked up in shorts alone.
The shorters' hope is to see it down to the lows in the $3.30 range … but that ignores the growth in the company since then. Methinks current support is about as good as they are going to get, and the increase in shorting is a lost cause. Any bright news on the progress of the new acquisition is going to result in a hell of a rush for coverage ….
SDA Price at posting:
$4.03 Sentiment: None Disclosure: Not Held
