Cha_Ching

[TimAlerts] $SINO, great time to short, it already cracked the support level of $2.45 down to $2.20. I think it will go down from here

Cha_Ching

[TimAlerts] There is a support level at $2.45 for $SINO and when there is volume I think it will get it back to the $3.00

Cha_Ching

[TimChallenge] I am in the same boat, I was in $SINO when it b/o at $2.45 and then got greedy and felt it might b/o again at $3.00 and took a small lost at $2.35

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Cha_Ching
Cha_Ching Aug 04, 16 5:54 AM

Great write up on your watch list. What do you mean buy "Nearly 14 days to cover for shorts" on OCLR?

Jacko23
Jacko23 Aug 04, 16 8:32 AM

great watchlist! Thank you for all of your hard work.

Turbobob
Turbobob Aug 04, 16 9:18 AM

Shorts to cover is an indicator. You take the short interest (number of shares short) divide that by the 100 day average volume. If only shorts bought stock at the average volume, that is how many days it would take for them all to be covered. So it is just an idicator. The higher the number, the more momentum a stock will have as shorts scramble to cover.

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