Thursday, April 10, 2014 10:51:26 AM
Once the short positions get covered, then this thing will rise again no problem. It will continue to be a target for short sales as long as shares are available, and stupid people fall for it, though. The wolfpack is trying to get their web site up and running, so their picks aren't publicized and attacked so regularly, though. I also guarantee some of these wolves have plenty of powder to throw in, but they are all now doing fast day trades instead of longer terms. Also, they are a bit unorganized in sequence of buys or knowing how to sell without effecting the price. I will offer to teach them, but otherwise they will continue to get attacked in all their picks. If I had access to the full wolfpack's resources, though, it would change the OTC. Lol. An aggregate account of that much wealth (remember, thousands of followers, which is what Sykes does now), could be easily used to turn all these short attacks into bull runs and short squeezes.
Ultimately, though, never trade with money you can't lose, and leave the emotion out of it. If you do your DD, and know the company is good enough for a long position. If it is and you actually want to play it long, then play it long. Do not let the shorts scare you out of your shares so you feed the covering positions.
MINE is a good company, though, IMO. It will survive these short attacks and this mess just fine. It will just take longer with Sykes and his students targeting the wolf's picks, specifically, because he know's the wolfpack has plenty of weak and rookie hands shaking shares loose.
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