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Thursday, May 01, 2014 12:21:04 PM
There is zero, no, none "retail" shorting of a 3 penny stock, usually not anything under $5 typically can get "short inventory" for a retail trader/investor.
The only people/persons who ever "short" this stock, are the ones who "finance" it, as in ASHER and similar- the very broker/dealers who's symbols often appear on the level II.
They just dumped into the "news" yesterday, that's all. They're simply not done "unloading" a position or are simply "re-pumping" it after a large dumping of a position yesterday. The vol is lower today, the spread is opened way, way up.
I said it before, and IMO, just give it time. Nothing new happening here IMO. It's not even close yet, and hasn't been going on 2 weeks now to re-touching the 50 DMA. They're just "working it" still. There's a lot of warrants that were issued, that at 3 cents, if they can keep it there, could be unloaded "in the money" at almost a 100% gain (I think the strike price was like .016 or something, on over 50 million recent warrants).
This stock is IMO, and has been, for a long, long time- highly "manipulated". My opinion- nothing new is being seen here. Same old, same old the way I see it. Give it time. At some point, a lot of shares need to be sold/unloaded for "financing" and will also, IMO be "converted" by the likes of ASHER and others- and when they hit, the selling will be huge IMO. This pattern has repeated many times on the 2, 2.5 yr and even longer chart.
My 2 cents. Patience, watch and see.
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