fmd

Quote from krazykarl:

heh....

40% of the float is short. this should be fun.....
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One of the Hershey Equities, I had 400 shares long of FMD since yesterday morning. When it started moving after hours, I figured price couldn't go much higher than $46.15 USD, and I sold half my shares. I was wrong. Last I checked, FMD traded around $48.00 USD. The shorts have to be very concerned now. Tomorrow's open should be interesting.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1029578>
 

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Quote from Spydertrader:

One of the Hershey Equities, I had 400 shares long of FMD since yesterday morning. When it started moving after hours, I figured price couldn't go much higher than $46.15 USD, and I sold half my shares. I was wrong. Last I checked, FMD traded around $48.00 USD. The shorts have to be very concerned now. Tomorrow's open should be interesting.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1029578>
More...


yeah, ive been riding fmd back and forth since it was at 22. been very good to me - and the ultimate poor-college kid play.

i seriously think it will pop 10 or more points over the next few weeks because of the short position - it was at 70 this time last year and a lot of people are STILL holding their shorts....
 
Quote from krazykarl:

i seriously think it will pop 10 or more points over the next few weeks because of the short position - it was at 70 this time last year and a lot of people are STILL holding their shorts....
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From your fingers to the market's ears ....

- Spydertrader
 
Quote from krazykarl:

ok - i have no idea what happened, but there were big-volume moves down intraday - anyone hear anything?
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It looked like most of the shorts covered last night, and in hindsight, I should have sold off my remaining shares then as well. I did sell out this morning when it looked like price was about to head downhill. i considered buying in again at the $43.03 USD support level, but decided catching a falling knife wasn't in my best interests.

Good Trading to you.

- Spydertrader
 
Quote from Spydertrader:

It looked like most of the shorts covered last night, and in hindsight, I should have sold off my remaining shares then as well. I did sell out this morning when it looked like price was about to head downhill. i considered buying in again at the $43.03 USD support level, but decided catching a falling knife wasn't in my best interests.

Good Trading to you.

- Spydertrader
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as an aside, there were some 100k blocks that moved today on the buy-side. curious to see how this play out.
 
.die bears..die.


you too shorts - one of the most heavily shorted stocks i have EVER seen - 48% of the float.


earnings tomorrow. any bears have the balls to call a miss? :cool:


this is going to 52.. soon...
 
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