No More Shorts for now. For the first time ever, the Bi-monthly 15 Dec short report recently out shows no GERS Stock being shorted. I reported when activity has been historically high. I am now reporting since it is at an all time low.
SkunK did you just say this?!!!:
"The real reason this stock has dropped in the past is because of short selling".
Ahhh, nooooo the SkunK did not say that. Can't tell you why people sometimes hear that, but the Skunk did not say that. It may have had an occasional effect on a given day or two, but the volume of short trading I see on the reports is not a trend maker.
This level of short activity has the potential to cause price movement only when it provides the motivation to influence the markets downward.
During the time when the short report is taken, (on the 15th and 30th) the % shorted has always been less than the daily share average volume. I suppose it could be any level in the two weeks between reports, but I know no way to answer that question. The SkunK suspects the last spike may have caught some little, short fingers in the car door, but again, not many.
Hit "Short Interest" tab for history: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=GERS
also good site: http://www.shortsqueeze.com/?symbol=gers&submit=Short+Quote%99
SkunK
Tuesday, December 30, 2008
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