Your definitely right on that. I came up with over 30,000,000 shares short roughly in the last couple weeks. I would bet that not even 20% covered today. I would imagine most thought with such a big jump it would come back down. So with added buyers will come shorts having to cover. They will most likely wait until resistance is broken. So they should cover in the mid to upper $.40'S. Which will add a little extra fuel to this rocket. Thank God for all the big buys. Not only for SP but it made for a major short trap. If 20,000,000 still have to cover that several days at the normal average. Could easily push it over $.50.
GXY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
