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I'm sure there has been a lot of covering in the teens no doubt. However since then still been a lot of shares shorted daily. I noticed some gapping the closer we got to .003. Hopefully your right and we'll push hard right out of the gate.
Nice put any good info up you find and I'll be crossing my fingers hoping bulls take control. Headed to Cali for the weekend.
Only 2,399,999 was shorted Thursday which you can see took place pretty early in trading. Prob hoping to push further down and didn't find anymore sellers willing to at that low of a pps. Hopefully this is a sign of a bottom.
I've done the math on the amount if shares shorted and it's huge making me think they're larger accounts able to withstand temporary negative positions. Who knows if they have been covering already or not. I would believe it would really need to be .006 or higher to see that happen. You'll be able to see desperation buying in level 2 when there starts to be a continuous gap between bid and ask to know. If we get lucky and mms keep a consistent gapped bid you know it's close to happening.
If enough money comes in to squeeze the shorts to a force closed cover margin call could bring it above .02. I definitely believe above .01 is realistic. They way it broke out of the .0005 range the first time proves that it's possible.
Considering it's already tested .0042 we might get up to there quickly before next resistance.
I had one years back that went from .0035 to 12 cents in 2 week period.
Besides the fact of the pr that came out usually a lot of buyers come in after holiday weekends.
Back at ya! I always look forward to the week after holidays.
Shorts will be chasing to cover lol
To all those who waited to load have fun Monday.
Had a feeling they would release news after market close to draw more traders in for Monday.
Sure seems to trade like a much smaller float
Who knows we may get news before market close today!
Bounce in effect
They might be preparing to line up with new rule requirements having a bid @.01
Also curious to see what they may be holding in store to prepare for the rule changes starting May 1st.
.01.02.03... Bring it
Always going to have some shaky hands let go during the move. Look forward to Thursday.
Yeah my trade alerts emailed me, but wasn't awake and missed morning trades. I'm on the west coast and overslept haha.
Another 48 mil shorted today would be nice to see a huge short squeeze propelling us upward.
Solid volume at these levels between the amount of short interest and bag holders no choice, but to go higher!!!
Very few ticks do I not see in real time. Its a nice thing to have a big desk with lots of screens to help.
I watch penny stocks Monday-Friday for almost 7 years and still can't alway full explain everything haha
Pennies coming soon
Looks like we will probably close back up today lol
Wow someone is buying huge chunks of the .0005s
Someone is going to gobble those up for sure. One persons trash is another persons treasure.
Looking good today!
Someone is getting some cheapies
Impatient people taking losses they will regret haha
I like the way you think
Everyday looking better
I agree
Some don't even file they all follow same legal jargon
It certainly trades as a much lower float
Nice find I've been to busy to read through it
Welcome to penny stocks
I'm sure because usually every filing I've seen over last 7 years of watching these has similar statements to protect them. Thats what lawyers are paid for.
Nice chart and you can see the sell volume on chart drop off up to today.