Tuesday, July 15, 2008
And the answer is..
They all have HUGE short positions. When this market turns back up the shorts will scramble to lock in their profits sending these stocks up. Obviously for a stock to get a short ratio over 30 (amount of shares short divided by the average volume) there needs to be something funamentally wrong with the company and/or their product or service. However, if these stocks do rally when things get better..the move will be exponentially greater.
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