Short Story, page-80

The short story is definitely starting to loose traction in the marketplace.

Shorters down to just above 16% of the stock now from around 18% at its peak.

Today's little breakout of the very tight band of the last week has seen buying of just over 600K shares and the price climbing around 3%. Its speculation, but we might assume that around 500K of these sales are shorts closing?

So if a majority of the shorters wanted to close and needed to buy back 20 million shares that's going to take 30+ days of trade like today. Do your own maths on the price hikes needed to flush out enough sellers.

At under $6 its hard to see all this volume of buying being able to be completed. Above that kind of price there may be larger volume to be had.

The slightest bit of genuinely good news about sales/revenue figures is likely to create a stampede. Alternately a genuinely large institutional buyer of 5 million shares could do it. Most likely scenario is a combination of both of these which are obviously potentially related

Those getting crushed in the rush won't be getting any sympathy from me. Bring it on!