MSB trading, page-951

There's no evidence of shorting at present. Net short position has been almost dead flat since it dipped slightly at the end of June. Gross shorts on a daily basis are insignificant compared with previous bouts of shorting - some days in past 2 weeks less than 20,000 shorted.

Cost of shorting still too expensive in front of announcements in next two months - at least 15% (or higher) and that's if u can get borrow (some brokers won't offer it).

MSB is outside the 50 most shorted stocks now, so not a big shorting candidate any longer, but because it is so thinly traded it is quoted as 42 days trading to cover the short position - 19th most dangerous stock for shortens out of nearly 500 followed.

The problem is lack of buying, with $1.60 the short term resistance - when (if) that breaks it'll be very strong support. Then we've got to breach $1.65 which has been the high of the past 3 months before then taking the next big run.

The relatively narrow range in the past 3 months of $1.40-$1.65 is bad news for shorts with big funding costs. They aren't adding to positions, and they must be wondering how on earth they'll cover in front of some potentially powerful announcements- this baby's going higher when they finally break!