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Wednesday, October 11, 2006

Update - CAB

Pre-Market Open: $23.95
Pre-Market High: $24.00
Pre-Market Close: $24.00
Pre-Market Volume: 200 Shares
Last Nights After Hours High: $24.07

Regular Hours Open: $24.00
Initial Spike Price: $24.75
Time of Spike: 9:57am
Initial Drop in Price from Initial Spike: down $0.60 to $24.15
Time of Initial Drop: 10:27am
High for the Day: $24.98
Low for the Day: $23.95
End of Day Closing Price: $24.98 up $1.53


So as predicted CAB showed strength today, and although I said I did not want to short it, it did show a drop in the morning although not a typical one. So some very simple things to look for to signal potential strength (and therefore bad short) would be current short percentage and days to cover being high, a new 52-week high and strong insider and institutional holders.

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