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  • Worth noting: Short interest on Walter Energy (WLT) rose 13.8% to 17.05M shares through the end of May, to 27.47% of its current float and the largest number of shares sold short in the past year. Before today's move, shares were down nearly 14% and it might be reasonable to speculate that shorts increased positions somewhat over the last two weeks. Shares are still halted, with the stock down 17.4%[View news story]
    Insiders bought a ton of stock between $17.00 and $18.00. Nothing in life is certain. Most people fail to realize that risk is the price of opportunity. When shorts increase exponentially above the 20% level - particularly after a stock has been beaten to death due to industry structural metrics, the odds are with the longs. Patience will ultimately prevail. The problem is, most traders have no patience.
    Jun 16 06:35 AM | Likes Like |Link to Comment
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