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Need to hit back hard and keep the pressure on the shorts. No letting up now.
Yes very fast. The stock is showing a lot of strength.
LOL I love it.
No doubt! They shorted half the float! Pretty dumb!
Yesterday's PR put the shorts on notice. Great move by the company to not just roll over and take it.
I totally agree. There are over a million short shares that need to be covered. This will fly to $1.00
Part 2 will be better than Part 1
Up over 50% and almost 200k volume
We bust through here and it may be smooth sailing back to a dollar.
Up 25% already!
Couldn't ask for a better open.
If their smart they will.
.36 ask and 25k volume!
Flying out of the gate.
Bid is creeping up. .27 now
I'd be crapping my pants if I was short on this stock right now. A quick return to over a dollar is imminent imo
Asking .30
Thats right! Within reach of the trigger right now.
Once the shorts cover this stock is off to the races.
We're almost there! Lets squeeze them out once and for all.
No doubt about it. The technology they have is HUGE!. There is a giant global need that they will fill.
You are absolutely right. This company is light years ahead of the majority of pink sheet stocks and otcbb for that matter
Continued positive news will squeeze the shorts out quicker.
Absolutley. I'm sure it was more than just one shorter too.
Yes but it depends at what point they shorted the stock. Obviously many shorted it from $1.00. If a short sold at anywhere between $1.00 and .50, they are still at least 100% in the money. Maybe they are watching closely to find a buyback point? At whatever point they buyback in, I think the biggest thing is that this action by the company should certainly put the brakes on new shorts right now.
I think we are going to be fine. The shorts are on notice and will likely be afraid to further short sell. Since the stock was taken down from $1.00 they can wait it out and cover at .50 and still double their money. The road back may not happen as quickly as we would all like but good news will eventually squeeze them out imo.
SO far so good but I would love to see the bid start to move up a bit more now.
Up .05 so far. 20.83% A good start
Yes, very impressive!
Asking .35 already!
No doubt about it. The small float will come back and bit the shorters in butt!
Absolutely. I love seeing the shorters squirm and run for cover.
For sure. I am really curious to see how it will open and if it will start to move up quickly.
I agree. This screams BUY!
I'm just saying that the typical penny stock doesn't have this type of company model. Their actual company looks more like a NASDAQ company than a bulletin board company. You call the average penny stock on the phone and you are lucky to get a voicemail.
Yes, this is definitely a NASDAQ type company trading on the that trades on the OTCBB
You are right in terms of the actual price. As far as the technical definition of a penny stock, it is any stock that trades under $5.00. For practical purposes that may not hold up any more when you have companies like Citigroup and others trading at their current low levels
Now we know why it failed to move upward. All the shorting!
The most important thing is the reaffirmation we got from the company that the fundamentals are strong. The price will always come around imo if the fundamentals are solid.
With their aggressive stance against the shorts I think we may see some of them begin to cover while they can still do it down here.