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break through past .80 and mid 90's will come quickly
its a great think means they are expecting it to get into that range and soon
hahaha fake wall at .69
8 mms sitting between 1.00 and 1.58
Thats no lie I put in a buy this morning at .46 when it hit .42 and took a few minutes but I got filled around .43
In the next week and a half we still got alot of press to come, more pr's and cc and you all know the old saying, "save the best for last"
exactly right, they are not short millions of shares, mm's arent stupid, they covered their shorts awhile back and accumulated. Not saying they didnt short along the way and then cover same say to bring prices down and loosen up a few shares, but for the most part covering is most likely done, and they are fat with shares
I dont think there was alot of shorting today, I think it was people who got in between .14 and .25 in the last few days taking profits, and flippers working it most of the day for a few pennys here and there. I would imagine any real short intrest has most likely covered in the last few weeks. all my opinion, not for sure
very nice lots of buys rolling in and fast
exactly right, if going too sell sell at the ask or even higher
notice how all the walls are pretty much fake, they disappear as we get close to them, think all the way to .60 imo
looks like it was one big etrade dumper there that had it around .38 for awhile but now the guy is outa shares so up up and away go saei
looks like flippers trying to make some pennies, prob with that is they will get caught out soon and will give up more than they made
5 million oz you mean lol 5 oz might buy a company car, a cheap one
know what would be kinda funny, if saei put out the report at 1 or 2 pm today before all the fence setters got it lol GO SAEI!!
good night all and GL to us all in the morning
so true, in the end we are all here for one thing, to make money
I feel the same, but most who did probably knew better, and those who didnt, most likely havent been trading long and didnt have a large account or number of shares anyway. But those who did know better and sold deserve the reprecutions
exactly if they are agressive then people bailing for profits wont have much of an effect, but the less people that bail early, the more of an upwards effect we can have
I dont think enough of them would have held them same other stock to make much of a difference there, but I hope they had large accounts, because will make the covering all that much more agressive and make this spike higher even quicker
it could make it there depending on how agressivly they cover and how long people wait to sell
longs actually still could have added today, or even tomorrow, and be in for the short squeeze, maybe make some of the losses back or even turn a profit, its not too late IMO if covering starts tomorrow could see alot of upside still maybe not 600% but maybe 300 or 400% more all depends on short numbers and how long people hold to make them buy higher
yea, I just timed it right this morning too, I am hoping to see it over 1.00 tomorrow, since there are only 2.4 million real shares avail covering could take a few days, so could see a steady climb
I tend to agree, but was just saying in theory its possible
if it is already adjusted to 181 you can trade them any time
actually forcing it down I dont think is an option now, they would have to short for that, and since there are already so many naked shorts, it cant be shorted anymore, they will have to cover and only hope people sell cheap to them
you are right, I agree, but what he means is there are people holding more than 2.4 million shares, its possible one person can be holding more than the entire float since there were so many shorted, but in the same sense there are people who might be negative the entire float thus costing them, or scott trade over 1 million to cover just that position
its just his way of saying there are more shares out than the 2.4 million he is talking about the short position
he is speaking of the massive short position
they will cover with the broker they went short with, and like I was saying before scott trade will cover for them if they are in the red, it will be a forced covering at market price, IE the ask price, so if cheapest seller is at 1.00 then it will be 1.00 if cheapest ask is at 10.00 it will be 10.00, but if cheapest ask is .10 it will be .10. All a game of chicken basically, and who ever flinches first loses
shorts covering have won already, price appreciated 500% today and it will more tomorrow, untill they all cover
I think scott trade forces alot of its customers to buy alot of shares at high prices to cover their mistakes yes, all good for those who are holding now
but its not really dilution, because it will push the price up since its shorts it creates a higher demand
as I said scott trade will force them to cover, ie their accounts will go negative in the red and they will cover at market price, then scott trade is on the hook for what they owe scott trade for their negative account
but they have to buy those shares back, at current market prices, pushing the price even higher, untill there are only 2.4m shares left on the market, read up on shorting, they have a limited amount of time to do this, which is called covering
I hear you I feel bad for those who will lose everything, but as gary said they are responsible and its their fault, and scott trade I have no pitty for, they made the mistake, and failed in their job, so they have to pay, and they generally screw the little guy
wrong os still 2.4m, when you deduct the short shares from all the shares owned you get 2.4m yes OS is 2.4m Os is how many shares are issued, not how many shares + how many shorts
in the mean time while scott trade tries to collect from them for the next 20 years, who covers the shares that the Broker ie scott trade is short? scott trade thats who
christ dude I agree you are responsible, I did not sell shares the other day I had none, I bought today, I am just saying that if the guys who own the accounts cant cover, as in dont have the money, assets, what ever, then the brokrage house is short the shares then, scott trade is the one in the end who is short the shares if the little guys cant cover them. Of course the little guys are liable first, but MM's (brokers) they are the ones who control all of the transactions and make the markets, when I short a stock it doesnt show up as my name short to the SEC, it shows up as my broker is short xxxxx number of shares. Even though I am ultimately liable, the broker has to make good on the trade, and the broker collects from me. When I sell you shares you dont pay me directly, it all boils down to if no one else can cover, the broker has too
well thats the beauty of a short squeeze anyone holding shares can sell to anyone else, the shorts have to buy how many they have to buy in the time frame they have to buy them. Most of these shares will trade 5 times over from person to person untill they go to a short and cancel out. and the price will rise as it goes along, sooner or later someone will sell to the shorts, when the price is high enough But in theory if everyone or most people hold and dont sell price can keep rising, but we all know that sooner or later it will be high enough for everyone to be willing to sell