Monday, December 26, 2011
FFN - Ready For A Short Squeeze?
As of Nov 30th almost 20% of the float is short. Considering the stock has fallen since then, its safe to say there are many more shorts in this stock then 3 weeks ago, which begs to question when they will cover? Friday's high volume breakout could be the start of a nice squeeze higher for this stock. We could see buyers step in, shorts cover, and an overall lack of supply lead to a nice jump in price per share.
I do think this $.55 stock will bounce back over $1.