India is # 5 IPO Market

By Lawrence G. McMillan It certainly took a while, but $SPX has finally closed below its December low of 6720. On average, statistics show a further decline of 10% when that occurs. Sometimes these declines take months, or even a year or more. It doesn’t necessarily mean that $SPX is suddenly going to drop 10%….

Orchid Island Capital, Inc. (NYSE:ORC – Get Free Report) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 10,663,145 shares, a decline of 32.6% from the January 29th total of 15,830,858 shares. Approximately 5.8% of the company’s shares are sold short. Based on an average trading…