News: WOR Worleyparsons clarifies on news article; says no equity raising plans, page-27

agree with all that. Shorters running scared and buying back positions can see some sharp (short lived) spikes in price. My point is that those are not sustainable spikes, and really nothing to get excited about - unless you are a HFT running algo's and looking at price action for exploiting such moves intraday. Also remember that many shorts will stay in on a rally. A very popular trade is a relevant trade. Short one stock and buy another. In that case you don't really care if WOR goes up 300%, as long as the one you went long on goes up by more than that.

A better argument would be - if numbers are good people will want to buy, and REAL money will come in. That would be supported by analyst upgrades, institutional/pension money inflows and long term investors wanting to hold. That will be much more sustainable than 3~5% of stock being bought back by shorters.

Price action today does look very encouraging though I must admit. Oil up slightly after last nights falls, but WPL results see that stock down 6%+ today. It does seem the WOR price action is based on WOR as a stock, more than industry sentiment over the last few days. Could indicate something is brewing..