Update SQI.V

Looking over the short data it can be seen that the shorts have been hitting the bid (It's legal to do that... no uptick rule in place anymore)... as the short positions have indeed risen over the Dec 1 to Dec 15th period and likely the pressure continues... It could be just a tactic that is being used to get a best price over the Santa Rally period...  (who knows), but I use an indicator of which to be honest is said to be representative of Institutional distribution and accumulation.... although much like the On Balance Vol..... which is said to represent retail exubeerance.... the Accumulation/Distribution (Accum/Dist l) derives the average calculations much the same, but does over a longer time frame... If they both are tracking up in an uptrend... it seems such stocks they track are on a tear.... IF THEY HAVE BEEN CONTRARY THEN WHEN THE ACCUM/DIST TURNS UP... CAN BE LIKE A ROCKET.

A Stock can be on an uptrend with On balance bullish and tracking up even in the face a down trending Accumulation/distribution... Institutions selling the retailers, but the demand is strong enough to run the price up even with the selling into strength.... When I examine the two indicators side by side... I can see the ON Balance (retail) is ranging.... and the Accumulation/distribution (institutional is selling)  falling... (Certainly could be construed as an over sold condition),  but it is also potential stop loss run... I was not happy to see the shorts putting the pressure on.... I AM READY FOR A SURPRISE MOVE IN EITHER DIRECTION... Maybe a reaction bounce coming soon......... the dip before the pop(a common occurance)..... or just remove the short...  it could be whippy.

Short History
Symbol Report Date Volume Change
SQI - V 2010-12-15 558,900 134,641
SQI - V 2010-11-30 424,259 -142,141
SQI - V 2010-11-15 566,400 -123,525


GLTA Lostoutwest


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