Bullish Activity seen in Short Sellers (SBUX, MSFT, AMD)

Short sellers aggressively sold off shares of companies which have lost value over the last month, perhaps on the chance that a rising market will life all ships.

247WallSt.com reviews the list of stocks including AMD (AMD), Microsoft (MSFT) and Starbucks (SBUX) -- let the bulls trample everyone.

(http://247wallst.com) Although the short interest is still among the highest of any public company. Shares short in Microsoft (NASDAQ: MSFT), which has been heavily criticized for its  mobile strategy, fell 11% to 76.7 million.

Microsoft Corp (MSFT) shares have traded between $22.73 and $31.58 over the past 12 months.  Microsoft shares are now trading with a P/E Ratio of 11.7 and EPS of 2.11.  Microsoft is now up just 8.16% from its 52-week low trading at $24.75 a share. 

The short interest in Starbucks (NASDAQ: SBUX), whose prospects many on Wall St think have peaked, fell 14% to 16.2 million.

Read more: Short Sellers Abandon Weak Stocks, Bet On Market Recovery - 24/7 Wall St. http://247wallst.com/2010/10/12/short-sellers-abandon-weak-stocks-bet-on-market-recovery/#ixzz12AdY2agZ

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