Waiting for Friday

Today looks like the day when the markets could be lower as the futures are all slightly down this morning. Yahoo and Chrysler both announced restructuring plans and Novell came out with disappointing numbers. Usually in this scenario, when I say the markets will be lower something happens to drive the markets higher. Right now there are no major economic reports or numbers being released until Friday’s unemployment report. Right now the only good news out there for the markets are lower oil and lower gold prices.

Looking at the stock that I’m holding, some good news on the CLRK front. CLRK announced that is has settled its suit with Super Vision. Under the agreement, Super Vision will pay CLRK a fee to settle past claims and in return get a royalty license so it can continue to sell LED products. Good news on the CLRK front . Now all we need to do is get WIRE moving. Something I did look up was the number of shares short. There is 30% of the float that is shorted. So by my logic, if WIRE can put a rally together for a few days then there will be some short covering which will drive the price up and more short covering and so on and so on. Come on WIRE we need some upward movement.