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yeah, i didn't want to imply that all of the non-shorted action was used for covering, just wanted to show that even if all of the non-shorted activity was used to cover, the MMs would still be in the hole
correct
just because FINRA may show a 65% short for any particular day, say 650,000 / 1,000,000
does not mean that there are 650,000 new shorts added to their hole,
but any day where the short is over 50% means those over that mark could not have possibly been covered, so using the above #s, there wold be 150,000 more added to the hole
that doesn't mean those 150,000 won't be covered on the next day, but, what you can get from FINRA data
is how many consecutive days the shorting has exceded any potential covering
ex. a 10 day trading period where a total of 8 days with 60% or more shorting, and only 2 days with slightly less than 50% (+ low volume) shows the MMs could not possibly cover the shorts that have been opened
what is nice with the larger share holders of Monk's team, is that they keep tally of how many shares they hold as a whole, and can clearly see, without even using FINRA data, that they hold more than the actual float (which is impossible without shorts)
i couldn't be happier with today
following the pattern for the last few months, looks like we will now trade sideways in the low to mid sixties, until the next bull shake
i hope the MMs keep this up for a few more legs...my traget price is getting rather high
originally $1
now i have moved it to around $3.25 (conservative)
if they push this to $1 before the cover....wow
RTGV up 52% after a premature sell off yesterday
closed an r/m yesterday, had a CC today
went from a shell to a revenue producing company
could someopne plz ask about a future potential r/s? (is that still the plan? is there a hold on it for 6 - 12 months, etc.) ?
I'm happy to see SSGI join the shorts on the ground party
one more MM to short means one more MM that needs to cover
AND
one more MM that could start the feeding frenzy
MMs are getting cheap... 100 share paint job @ bid
blue, you have a beautiful way with words
your posts are not only full of great content, but written with style
exactly
i have no problems with flippers, but wish they knew what was actually in play here
flip elsewhere, join the team for the long haul here
just a flipper, no big deal...nice to clear them out
i have to agree
.11 -> .46/.48
then an up and down channel of "consolidation"
hovered around .40 for a bit
then BOOM ~ .40 -> .70
will most likely settle a bit and consolidate (MMs shorting) around .65
then i hope anothe BOOM to $1, then the cover starts
way too many flippers here, heck, half of the "sky is falling" threads were from fliipers
and that kind of FLD takes months to work, lots of capitol, and lots of people
IMO
hmmm, did NITE mysteriously come up with 200k shares @ .675?
um, no, it isn't at .01
see those mirror trades @ 15:12:12 and 15:13:08
this is being manipulated to high heaven at this point
wow, you are banned there too? i was talking about another place. you really do spread your trash talk around.
by the way...ignored, from this point on
yep, admitted dolphin, banned from maybe the most respectable person on iHub's room, think i'm done reading your posts
so Three...how low are you hoping this drops til you can buy back in and flip it?
yeah, i'm not that big in either, and it wasn't exactly what i wanted to read, but, the usual "sky is falling" suspects timed with the questionable "dump" volume is not just coincidence, IMO
either way, my shares are locked for higher #s, and i wold expect this to make its way back up shortly
part of that was manipultaed (MMs) IMO, as a good amount of those "dumps" were at pps not even showing on L2 (yes, over 5k shares)
give it time, IMO
you waited this long
ahh thanx, it's my oddball broker
they seem to show the position using the bid as the multiplier (and for some reason, the bid they show is not always accurate)
thanx again
my L2 isn't working, did someone just dump at .04?
I want my $5
thanks for the L2 updates everyone...i personally am having trouble with mine today, so i love your help!
heh, a 5 bagger from a buck would be nice
hey, my L2 is acting up...what's going on?
cover start, or just a bull shake?
that's my plan
Still shorting:
20100330|CDIV|628626|1907084|O
33% shorted yesterday, so remember, this IS NOT the squeeze
HOLD em tight
sweet, thanks for looking out
I saw a nice thought out post (but have since lost it), but it explained to basically have more of a volume target instead of a price target.
focus more on when the volume hits multiple 5+ mil days, and you will get a better idea of what target price is best to maximize your gains.
I like this thought, personally
great post!
very true, point taken
got your PM clay, and you do sell, but not before the squeeze
sorry clay, nice charts, but this here is a special play
float lock down, don't sell this the squeeze is the name of this game
Look what one million shares do (+ shorting)...
now imagine several days of 5+ millions and NO shorting
WOWZERS
lots of hot air coming from NITE today
get past NITE and it's a new HOY
that's about as firm of a PR stating the close will take place without actually saying "we have closed the r/m" that they could make
very nice
I agree with that, my comment was directed at another post.
But yes, if you watch other squeezes, you will see the MMs will chase if you make them.