<<MANU itself doesn't seem to be a case of short squeeze>>
Steve,
You are certainly right, not the largest of short positions, but a short squeeze none the less. I promise you every short was squeezed on Friday, but you are right this probably won't cascade upward for days just based on a rolling short,cover,short,(sh*%)cover,short,(G*& Da&^%$!!)cover pattern. Short squeezes just need 2 things: 1)a short position, and 2)a catalyst (positive surprise). Actually I'm surprised Manu's short position has come down so much..they used to carry a large one. Manugistics' move upward seems fueled as much by the optimism expressed (by the CEO) about acceleration in the business model as by the raw numbers themselves. By the way, I think MANU will get to 65 and would buy it on any pullback. Software is so hot right now...and hardware is ....not...but your point is well taken. God, if only YURE could surprise with some optimism from management and an upside surprise...it would be schweet!....Tek |
