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Tuesday, July 15, 2014 9:34:51 PM
It's funds man and that's the way they work. They aren't insiders. Not saying that "insiders" per say are manipulating the stock in any direction.
We all want to do what the big bucks are doing and they or someone had had enough today and possibly put in what they consider to be their bottom at .82. Everyone knows what the 10K said and the Q before it. They know where this is heading. Even shorty knows. So imo we should not just be watching what the funds are doing but what they are not doing.
The short interest has decreased by about 100,000 and is only a miniscule 0.43% of the float or 259.8k short. Nobody wants to short it but instead are covering. So if shorty is covering even a small position what should we be doing?
We're green today and "if" we can get a couple more the trend may be starting back to the upside.
Just happy I was able to add at .8101 yesterday because this may be making a turn.
If not turning up I'll be more than happy to add again, where-ever it is.
We all want to do what the big bucks are doing and they or someone had had enough today and possibly put in what they consider to be their bottom at .82. Everyone knows what the 10K said and the Q before it. They know where this is heading. Even shorty knows. So imo we should not just be watching what the funds are doing but what they are not doing.
The short interest has decreased by about 100,000 and is only a miniscule 0.43% of the float or 259.8k short. Nobody wants to short it but instead are covering. So if shorty is covering even a small position what should we be doing?
We're green today and "if" we can get a couple more the trend may be starting back to the upside.
Just happy I was able to add at .8101 yesterday because this may be making a turn.
If not turning up I'll be more than happy to add again, where-ever it is.
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