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I have traded several stocks that have short squeezes. CPWY will as well.
Market makers that are creating a market on a stock that lacks liquidity and starts getting buying pressure Can get away with naked shorting. Market makers have found loopholes in the SEC rules found here https://www.sec.gov/investor/pubs/regsho.htm in the bottom section it says they can keep a naked short position up to 13 straight trading days and a retail short can for 3 trading days. When watching CPWY I have noticed market makers that are short working with each other to cover into each other. This is why I believe we will have a short squeeze soon.
Wow short volume posted on finra for CPWY. Over 2 million! That's 70% short interest today! This is the perfect set up for a short squeeze http://regsho.finra.org/FORFshvol20190228.txt
Hopefully CPWY releases updated fins soon.
Short volume has been high for CPWY last couple days. Could be a nice short squeeze.
Wow great close!
Tomorrow and Monday should be really good.
Yeah .055 will be a key point to watch.
Key for CPWY will be to break through resistance at .0315
Cpwy looking strong second half of the day.
There is a discloses on the page that says they own shares and trade the stock daily and plan to buy and sell at any time without notice. That's not illegal. I agree though you should trade it. It is a penny stock
Definitely some selling going on again today. Shorts should cover in about a week but the share price needs to maintain to some degree. Not sure if it is an old shareholder or what but hopefully it gets a bounce off the 50 day moving average.
Great day for hdii today
If MMMW gets current I believe it could really take off.
Definitely won't be hitting .0001 have to be realistic. This stock has been around a long time. Outstanding shares isn't increasing.
You were a moderator on CPWY board did you decide not to be any longer?
That's a complete assumption but you aren't watching the level 2. Short interest is reported finra daily and it has been high. There is a pattern with stocks like this that on the 30th day from when big volume came in and an uptrend started the market makers will cover and push the stock up. CPWY is on an obvious uptrend. Just like any penny stock it is wise to take profit along the way but just blindly bashing a stock doesn't make sense unless someone has ulterior motives.
Market makers have up to 3 trading days to find shares to borrow for a naked short a lot of times what they will do is just cover into another naked short position this can go on for a month. I have seen this time and time again. About 20-30 of short volume every day though is algorithms shorting and covering within a matter of minutes.
Definitely some profit taking going on. That's expected with any stock that is on a nice uptrend. We will see how it does next week.
The chart is looking really good right now.
I think we will see a new filing out soon
As of yesterday the number of outstanding shares has not increased for a very long time. That is a very good sign.
That article about APS is 4 years old. The old APS was shut down several years ago. It is under new ownership now. They mostly focus on swing trades and were probably attracted to CPWY because of its unusually volume and high short interest and low float. The next month or two should be interesting here.
Too move dilution in this one. Ceo missed an opportunity to let this run. On to the next stock.
Yep there has been a lot of buying the past week. Volume proceeds price action. Could be going next leg up soon
I don't see them buying back shares but would love to see them settle some debt. That would be huge.
I think they converted a bunch of shares and plan on running it high and then selling then when MAXM won't be on the ask and it will just be a standard MM like ETRF or CDEL. Time will tell though.
Yes. Anyone with an Etrade account can. Those could be cross trades though.
MAXM was there when this was no bid. Hasn't seemed to dilute a ton yet.
This is just a shakeout.
Give it time it is looking ver solid right now
Yeah the contracts are impressive.
This volume is going to bring a lot of attention. How high do you guys think this will run?
Looks like the CEO has raised the number of Authorized Shares 6 times in the past two years. He may never let this stock run.
Wow so they have diluted almost 1 billion shares a month.
Last year I found IMTV at .0001 it ran until .0031 I found KALY at .0003 and it almost hit .04. Sometimes these take off and they are life-changing.
Thanks for sharing your opinion on it. Have a good weekend.
Sounds like you are pretty mad.
Maybe it is just flippers. The CEO would be very fullish to dilute right now while it is just getting momentum. I found KALY at .0003 it ran to .04 this has stuff in the SEC filings that remind me of Kaly. Just depends if the CEO is looking for pocket change at this price or wanting to make big money and let it run to .01
Hopefully the .0002 start fading. Buys coming in but someone just keeps adding to it.