Jun. 26 at 3:14 PM
$CAST The off-exchange short sale volume ratio has been over 50% for most of the last two weeks, CTB has been over 800% this week, and the pools of borrowable shares, new shorts, and weak hands appear to have significantly depleted, as reflected in high-volume advances followed by low-volume pullbacks. For shorts, the situation resembles a Mexican standoff, from which only the first movers may escape unscathed. The remaining ones may find themselves in a squeeze that could lead to indefinite losses on their short positions. It may be prudent to be vigilant at this point. (not advice, DYODD)
