6:39 PM
Ann Tucker
I did a search on Investools for stocks with High Shorting Interest. MFLX is one of the stocks that came up.
It has bad fundementals in an industry that is currently bad.
It is on a long-term down trend since mid-2006.
Last earnings, it gapped up then went down on low volume.
Earnings a few days ago appears to be doing the same. And high from this earnings was lower than last high.
I placed an order to sell a 20C/22.5C vertical spread for $0.75 credit. Bid/Ask spread was 0.55-0.85
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