EnviroTechnologies International Inc. (ETII)

[mzahran]

insert-text-here


I think we might see some shorts cover tomorrow

if you look at the short interest report, you will notice that Feb 28, 2011 had the largest open short positions since Nov 15 2010

if you look at the short interest report and the history of the stock, you will notice that the last day of every reporting period (and sometimes the day before) almost always has much higher volume than normal.

my theory is that shorts are shorting throughout the reporting period, and then covering on the last day to avoid showing up on the short interest report. they are doing it on a repeated basis, and as far as i checked, since sep 2010. in other words, shorts are shorting a large amount of shares during the period, and covering at the end, giving the illusion that there is little to no shorting.

if you notice, the volume in the first couple days of each reporting period is roughly the same as the volume at the end of each period, which suggest to me that most of the volume we are seeing is a result of shorters selling stock to people buying in, thus they are keeping hnss down

also, if you notice, the end of each reporting period almost always coincides with a peak in the pps (which i think is a result of them covering), followed by a drop in the pps (which i think is the result of them reopening short positions.


also if you look at the reporting period ending feb 15, you will notice something strange. it seems that the shorts began shorting in the begining of the period, then covered on the 14th, and reopened postions on the same day, then covered again on the 15th. if you add up the voumes for the period, you will see it pretty much adds up

the 14th was the day we had 11m volume, and a huge fluctuation in the pps supporting my conclusion


his pattern has been repeated far to often for it to be just a coincidence imo. i dont know what this really means, but i take from it that it seems longs arent selling shares, and thus shorters are giving us shares at the prices they want. if anyone else can shed some light on this info, i would appreciate it