We are seeing a classic short squeeze here... i'm not totally convinced we have seen the last of the shorters (i'm sure they will be looking for a re-entry point at some stage)- but a least for now, they are rushing to cover!
Enjoy while it last boys and girls... for me i just wish i had got that last order away at 74.5c close but no cigar....averaging down in the 76-80c looks to have paid off at this point.
As others have suggested the real test will be Q2 results (net sales figures) - due later this month i think
ACR Price at posting:
$1.04 Sentiment: Hold Disclosure: Held
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close but no cigar....averaging down in the 76-80c looks to have paid off at this point.
(20min delay)