Loading ...The evidence is all around us as even many of the typical bulls were warning of a possible profit taking that never materialized. Let’s look at FNM for example a stock that was worth 60 cents a few months ago. Last month, FNM had 55.17 million shares shorted, or 5% of the total potential float. Less than 3 weeks later, it only has 156 thousand shares shorted, or about 0.14% of the float. Than we have BAC, last month Bank of America had 92.63 million shares shorted, or 5.5% of the total potential float. Less than 3 weeks later, it only has 229 thousand shares shorted, or about 0.13% of the float. Lastly, let’s look at AIG, last month it had 24.64 million shares shorted, or 19% of the total potential float. Less than 3 weeks later, it still had 24.15 million shares shorted, or about 18.7% of the float. But the last month, the stock has skyrocket over 400%. Let’s keep an eye on how many shares are still shorted next month. […]