Hoping Regions Financial Runs Up Again [View article]
RF had one the largest % of shorts (as of last Wednesday before the rules changed) with about 12% of the available float in play. Was thinking about playing RF myself like DUDE above, cause I bank there and am generally impressed, but that short % spooked me. Of course we dont know how much of that run up to near 20 he mentioned was short covering...I suspect a lot...but even so I will pass. Shorts generally are smarter than the average Joe.
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RF had one the largest % of shorts (as of last Wednesday before the rules changed) with about 12% of the available float in play. Was thinking about playing RF myself like DUDE above, cause I bank there and am generally impressed, but that short % spooked me. Of course we dont know how much of that run up to near 20 he mentioned was short covering...I suspect a lot...but even so I will pass. Shorts generally are smarter than the average Joe.
Sep 24 20:00 pm
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