im pretty good on these short covering trades.
Merrill said this morning its still worth $14 bucks without kontiki !!
At 7.37 alot of people will see what i see...some inside insto shorted the hell out of it and wont be able to buy it all back to cover his profit without moving it to $8.00.
The bad news is in the stock...and so shorting has stopped.
The KAR short is quite worried....i havent seen selling since Midday and there is a very big offscreen buyer to fight buying everything under 7.37....enjoy the ride.
im pretty good on these short covering trades.Merrill said this...
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