They just upped guidance big time to EPS of $1.45 this year and over 38% of the float is caught short. Prime takeover target according to most of the analysts and all 8 of them rate KITD as a buy. She'll squeeze hard at some point.
The shorts actually increased their short positions as of 1/13/12.
Now there are 17.5m shares short and 9m were bought at about $10 or less.
They are taking on water BIG time. As we inch closer to February and this stock begins to run we will have a great short squeeze situation, imo.
I can not wait for this to play out. I was thinking $16 by earnings, but with that many needing to be bought back, it may power higher.
It is quite possible that this float could get locked quite quickly as investors see this obvious squeeze play unfolding.
Posts: 6410 | Registered: Jul 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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