[The men and women who play the stock market on a regular basis are no fools and something unknown to Slashdot readers made the SCO stock price rise by 2.4%, on December 26th, over half a days trading]
True, but have you checked the short interest on the stock - also a very good indicator of direction. There are over 2 million shares shorted from a total of almost 14 million outstanding - that's over 14% - a very high short percentage. So those smarty pants on wall-street that are pump-pumping the stock may well have either hedged their positions wisely or a lot of the same traders betting on a long drop with a quick stop.
Slashdot Mirror
[The men and women who play the stock market on a regular basis are no fools and something unknown to Slashdot readers made the SCO stock price rise by 2.4%, on December 26th, over half a days trading] True, but have you checked the short interest on the stock - also a very good indicator of direction. There are over 2 million shares shorted from a total of almost 14 million outstanding - that's over 14% - a very high short percentage. So those smarty pants on wall-street that are pump-pumping the stock may well have either hedged their positions wisely or a lot of the same traders betting on a long drop with a quick stop.