daytrade diaries... october 9 part 2, page-70

Just picked up some GNC (after selling all my AMP)...GNC has been one of the most the most shorted stocks this week....figure with an M&A buyer still hovering and a good week for the shorts theyhave to buy 1m shares back this afternoon to square off....why risk an M&A offer.

There will be a short covering rally this afternoon.

Im pretty good at watching these late friday buybacks as you know....not many shares on screen and very good support at 7.05. Im out at 7.00 but think 7.25 today is truly possible.