Tuesday, April 03, 2007

Books A Million (BAMM)

BAMM announced their quarterly results yesterday, and the stock rocketed--now at 18.22. There was a pretty high short interest. I was going to post a bit about it, but everything that I wanted to say, I found here.

It's another one of those headliners--which are dangerous when there is a high short position. I suspect that is the rocket. I did take a short position yesterday given that when you tease out the earnings release, there really isn't much there.

But, my short position though green this a.m. is not red.

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