MattDeLong

STRP evening star reversal?

AMEX:STRP   None
STRP is a low float stock (5.82m shares) with a high "short float" of 46.93%. The higher it goes, the more shorts get squeezed and cover their short position, pushing price action even higher. Stock is up 30% / week and formed 2/3 leg of evening star reversal. Will consider long position about 36.75 or short position below 34.40. Will shorts get squeezed today or will this roll over? First glance at the fundamentals and you wonder why this is at $35 when it has revenue more inline with a penny stock than NYSE.

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