Posted by: Phiste August 27, 2009
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Why SPNG?
1. 10K due tomorrow unless they file a late filing. (A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a public company's performance.)
2. AS reduced from 2.75 B to 900 M recently
3. They are reduving the OS from 720 M to 500 M
4. Rumor of around 1 to 2 B shorts which when cover can give some squezze to share price
5. ....
Disclaimer: Do your own DD before jumping in