The short sales last couple of days has been 5-10% of 500k daily volume, going by the idea that prior to this week daily demand was 300k, daily supply was 150k and short supply of 150k. We've now probably got a situation where we've got 300k demand + 200k short covering (assuming no new real demand) and 450k of sell supply + 50k of short supply. Still plenty of short positions needing to be covered, so the share price is likely to keep gaining momentum. I'll be looking to take profits on 20% of my position at about $3.10, another 20% at ~$3.30 and keep another 40% to sell at the $3.90-$4.20 range. And the remaining 10% can sit :)
would like to post a chart, but can't remember how
DOM Price at posting:
$2.94 Sentiment: Buy Disclosure: Held
