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At some point the prime broker compliance will step in to ensure they don’t naked short past a certain point
I actually think it’s the hedges shifting their shorts from borrowed to naked thereby changing the available count in order to scare buyers
So 70k available shares come out of nowhere. My data shows 300k available
It’s gonna bust out soon. It’s has to. No one sold today, it gapped up, and they shorted naked into it with a higher rate. Do not sell under any circumstances because it’s gonna gap up again tomorrow
Told you now it’s 14.7
It’s show not available right now because they are delaying it due to the fact it rose even higher I would bet
Closes over 10
It’s going to reverse higher again they are just retesting
Now!!!! Fight like Apes
Short rate is 14
Good luck to all I’m so glad I got back in this thing. Ready to rumble.
I’m long 5000 shares. I’ve traded it back and forth but I agree that we get a spike back to 14 at least.
9 is higher than I’ve ever seen it
That was a retest of 9 and no selling means spring it higher
I hope so but I can say this - that there is absolutely no reason whatsoever that a responsible CEO leaves his shareholders hanging this long for an update. It doesn’t even need to be overly substantive, just something to let people know the company is moving along on the plan. Companies issue statements all the time have nothing to do with material changes. Companies that are on the ball realize that communicating with shareholders is essential to building a healthy company and normally would issue something at least monthly.
I watch the stock all day I can send you time and sales. There have been plenty of buys at that level and were absorbed. A few months back it was a different story but there are clearly sellers now waiting for these rumor based run ups.
Support meaning price support on the bid. The bid cracks with small selling. Whereas the ask has large resistance
That’s what scares me. Anything goes wrong, anything and we go from.40 to.04 in a day like a cinder lock on a gas pedal. There’s really very little support but lots of resistance.
I’m just waiting for the news from last week to hit this week lol.
If the chart had an indicator that shows ‘pumpers’ versus price it would be very indicative and useful
This has to go up for these guys to cover. At this point no one is going to sell and there is no availability for them to drop it further. Additionally, some people are jumping back in at this price. There has to be a relief rally at the very least back to 11
The spring is wound very tight right now. Pretty much all shorts today are under water and there is no retail availability to borrow left by a long shot. They can’t average down now.
Further - it only works when market makers are actively shorting and longing the stock. This only has a 20k short position.
Dude I promise you charts don’t mean a thing on pennies. That works on non speculative liquid securities.
The rumor mill shut down for the week. Maybe that’s a good sign.
This is because they were hiding the real short position by failing to deliver. One of these hedges was probably forced to transfer their fail to an actual borrow by their compliance department at the prime broker.
Sit tight this thing is gonna blow. They can’t sustain this. When you have a short interest of over 7 percent we didn’t even have that at 14. Having that this low puts way more pressure on the pot.
If you hold they really can’t keep pounding it down here. They are naked shorting like crazy. They can’t sustain this. I wouldn’t be surprised to see a serious reversal today.
These available to short numbers are so bogus. It went from 9000 to 188000 to 566 in 2 minutes. I watched the trading during that period that can’t be possible
I think it reverses and starts heading up. This is a head fake.
I’m not bashing the stock. I am long 500k shares. All I am saying is that it’s starting to look fishy. It wouldn’t be the first time that people got duped on a great story. But the filing is late - why?, rumors met buy selling, rumors that news is around the corner that never pan out. Rumors that seem to be timed with stock being unrestricted or notes coming due. It looks like it could be worked. I’m not posting anymore because no one has any real info, just more rumors and old articles.
Can anyone point me to actual evidence that Rubenstein is the IR for Mirage?
Thanks Jackpot. Someone had to be the first to start rumor mill Friday.
I’m mean how many months are we going to hear news coming next week before people stop pushing the cotton candy? I’ve been hearing for 6 months ‘next week’.
I hope Ward makes me look like a dope but I won’t care because I’ll have a bunch of money as a result. Until then all this speculation with detail is potentially setting up new buyers who buy on your enthusiasm for a financial hit.
I’m still holding but am I the only one that has suspicions there is something wrong with this story? No news for ages, late with quarterly filing, that doesn’t sound like management that is on top of the game. The rumor mill immediately followed by buying with heavy selling into the buying. It looks odd when you take a step back.
Is Ward even real or is he some guy that drives around Mexico and stops workers on the side of the road to ask if he can take pictures with them and then tried to pawn them off like he is in the deal?
I’ll happily eat crow if news comes out today
The mill workers are concocting the next reason why no news today but definitely next week
No news again lol. Rumor mill Friday gonna start for next week.