Thursday, July 10, 2008

Constant Contact



Constant Contact (CTCT) is a very thinly traded stock with an enormous short position. With just about 150k shares traded on average it will take over 45 days for the shorts to buyback their shares if they want to get out of the position. If CTCT can close above 20 today it looks like the next stop is around 26. Be careful because the low volume can go against you if the breakout should fail.

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