02-01-2013, 02:17 PM
'Ass0ciatedPress' pid='16920' dateline='<a href="tel:1359680 Wrote:Thanks for sharing Tree. Looks like Wells Fargo added as well.
This is significant. My biggest concern has been how long will the institutional holders wait this out. They will not wait forever, but if they hold and with good news coming this could create a significant squeeze. The lack of new institutional buying is easily explainable. Unless you have followed this for a long time you would not go long or short at this point. New institutional portfolio managers will wait for the print to buy. Better to buy at $120 per share knowing the NAV IS $250+ vs trying to buy the home run. The shorts have made their bet as have the longs. That is why volume has been low and may remain so absent rumors.