Squeeze Those Shorts
October 26th, 2005 by BWV
Just snagged some ILSE on today’s pullback.. the Lasik eye surgery technology company is 6% off today’s high & back right to yesterday’s open.
Yesterday’s big gap up move on huge volume was earnings-related.. and with 12% of the float currently sold short I’m betting on a quick spike to $19-20 within 2 weeks. Keeping a tight stop though.. I’m not willing to lose 10% on a move back to the $14 gap-fill point.
Long ILSE
