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Friday, June 11, 2010 8:16:29 AM
MM's are hoping for a RS and a move back toward $0.0001 were many "could", not that they "would", cover. They are also hoping for retail customers to exit at market or par value ($0.00001) to cover down there at a profit also.
The daily short volume is extremely high the past 2 days:
20100609|IHGP|724820700|832743406|O - 87%
20100610|IHGP|143004897|187802600|O - 76%
Good luck to all still in IHGP. Hopefully our losses are minimalized. And as wishful thinking, something actually happens to move this up.
The following link describes what short volume means and represents from the daily short list.
http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf
Short Volume - Aggregate reported share volume of executed short sale trades during regular trading hours
Total Volume - Aggregate reported share volume of all executed trades during regular trading hours
Remember, short volume only represents aggregate short volume for that day. Nothing more, nothing less. Short volumes range anywhere from 0% - 100% on any given day and on any given stock.
Please research all stocks before investing. My post are my opinions and are not buy or sell recommendations. Always force market makers to cover their shorts above what you paid. Build wealth for fellow iHub'ers!
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