[US] SCOX Tanks, Short Side Speculators Can Cash in

Chart for SCOX

Currently down 40% from its July high of USD 15.02, SCOX looks weak.

Short interest climbed from 277K shares to 391K shares during July as speculators unflinchingly sold into the rallies. While buys covering these positions may be able to prop up the price for a short time, "investor" sentiment is obviously waning. We'll have to wait and see what FUD SCO can dig up to help their stock price, but it's going to be tough with the downside momentum at this point. Keep watching the Edgar page for more insider transactions, and the short interest page next month for the speculator action.

What was that Abraham Lincoln quote about fooling people?

Willy Smith, reporting from Costa Rica