InvestorsHub Logo
Followers 12
Posts 2791
Boards Moderated 0
Alias Born 04/06/2001

Re: Porman post# 12364

Tuesday, 06/04/2013 4:17:38 PM

Tuesday, June 04, 2013 4:17:38 PM

Post# of 79848
Porman ... That`s basically ...

true. There has been virtually no short position for a long time ... dating back to November, 2012.

http://www.otcmarkets.com/stock/MIMV/short-sales

And that`s a good sign in my opinion. You`ll notice, too, that Mimvi just made the Reg SHO List on May 29th [I said the 28th before], and the last time before now was November 29th.

Even the short selling on a daily basis really isn`t all that significant in my opinion ...

http://otcshortreport.com/MIMV

However, with the little change in MIMV`s share price lately, I`m inclined to believe that those short sellers that didn`t borrow like shares [naked] kept waiting for a drop in price [hasn`t happened] in order to cover, and those naked sales started mounting up until it reached the tipping point for the Reg SHO List ... now they don`t have much choice ... it`s either try and cover now, or wait for the mandatory buy-in, and I can tell you they don`t want that to happen.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.