Myr has been the highest shorted stock for a very long time. What puzzles me is that since the low point it has been slowly working its way up but there has been no sign of shorts covering.
I suppose slowly is the important word, just as many new shorts come in as those that cover.
We need some rapid rises to shake them out and give some huge gains which is what i was hoping for when i bought. Maybe some better than expected news at next report will come.
Either way MYR is turning out to have been a good investment choice for me.
MYR Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
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