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Re: jwblue74 post# 28650

Saturday, 05/24/2014 9:36:01 AM

Saturday, May 24, 2014 9:36:01 AM

Post# of 54103
right, BMAK was walking it down pretty steady whole afternoon;
people, knowing what we went through for a last few weeks, was selling into panic helping BMAK to do its job easier
BMAK was sitting on ask and bid at the same time so it was not hard to guess what it was going on...
I was relieve to see shorts volume from yesterday to confirm that we had classic shorts covering situation going on..
28% of shorts during record volume day of 225M is A LOT !

http://shortanalytics.com/getshortchart.php?tsymbol=mdnt

all other MMs were moving up smoothly as a day before; there is probably still dilution going on but it is kept at the very reasonable level now that it does not have effect on stock movement; which means if BMAK is done covering, we are ready to run hard on a BIG NEWS coming next week !!!

Happy Memorial Weekend everybody !!!
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