Monday, August 15, 2011

SIA - Did Anyone Shorted?


Did anyone shorted SIA today? This stock is weaker than the general market and warrants a short sell. I was looking for BB's activity to support this counter, however I did not see any. Since the buying was mostly short covering and public buying because most people thought it was cheap, there is no way that this stock could trend higher without any major support to lift this counter. We shall see!

Update August 16th, 2011 11:23AM

Made a small losses, I am still looking to short this counter but now I would rather wait for a turn and short with the BBs. They have not shown up yet.

Ronald K