JB and ZJMY Holding Co (JBZY)

[God_Father]

Completely agree. It takes deep pockets for them to do what they are doing. Honestly think the DD and long support is the only reason they weren't able to bring us below 0.03. They know its a solid support level and would want nothing more than to take it out. I think they chose to let it breathe up to 0.058 to catch their second wind and try again. I'd say they were in a deep short position of about $350K+ when this popped up on the RegSHO list. I think a stock is still on the RegSHO list while they are covering, so the $350K+ could be down to only a couple thousand for all we know. If so, not much movement on Wednesday, they could also just pass the hot potato on to another MM and start the 13 day cycle again, as opposed to short squeezing. They've been able to cover a significant portion at low 3s which means they managed to make some meager profits. Hence, the constant short attack.... This is all just my opinion btw. I think they are very well aware of our catalyst and are either minimizing their exposure by shorting less and letting this move (hence, higher lows) or are gearing up for one last push down. Eitherway, its come to a swift end very soon. No comments by Friday will likely mean FINRA is done.

Solid days ahead.


$DOLV

While many financial institutions are prohibited from trading penny stocks, loosely-regulated hedge funds have no such restrictions. That said, most hedge funds won't trade penny stocks on the long side: they far prefer short-selling penny stocks that look to have peaked after being heavily promoted. Penny stocks, although they often do indeed trade for mere pennies, can still be exceedingly dangerous to short because of the risk of a short squeeze. So while the risk-reward payoff for shorting a penny stock is too skewed (i.e., offering a limited reward if the short strategy works and unlimited risk if it doesn't) to be worthwhile for an average investor, the strategy may entice a deep-pocketed hedge fund.