To: Moonman62
Wonder how much of the surge was a ‘short squeeze.’ A lot of short positions on CFC (13.7% of float as of last month) ran up against better than expected news. Could have been a slight uptick that then becomes a rally as people rush to cover their shorts.
18 posted on
10/26/2007 1:56:45 PM PDT by
posterchild
(If you don't look ahead nobody will, there's no time to kill - Clint Black)
To: posterchild
I have no doubt that short covering was part of the move today. Somtimes uptrends begin that way. Sometimes they don’t.
20 posted on
10/26/2007 2:24:04 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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