American Green Inc (ERBB)

[thebaseballdoctor]

Some quick numbers on the volume traded the last 7 days...minus today...

There were 149 million shares shorted...for an ave daily share count of 22 million...which totals an average of 33% per day of shares shorted...

Also, as per the video, the trading activity that we have seen for many days on level 2 has been a bit strange...

The ability of the shorts to cover, inconspicuously, under the cover of sells on the bid, and buys on the ask, is masked in the ask side of the activity...

The ask is set up to show strength...or, it can be just one MM, as with ETRF, or VFIN, or any number of other MMs that might have naked short positions. From what I have been observing, for example, after there is an uptick in the ticker, and a buy of shares is posted on the ask, there immediately comes one or more sells on the bid, usually fairly large numbers.

I suspect that this is the MM setting up the environment wherein the short shares are being sold, and the short position is covered. This has been the pattern. Look at the end of the trading today on level 2...in particular, the last 7 trades, wherein there was an uptick, a buy, and then there were large sells right after it.

A strong bid set up entices retail traders to whack the bids, which helps the shorts to cover their positions...

There were 13 Million shares showing up as sells today according to trading tools at the top of message board, and then trades will give you a 15 delay of the volume total... I would venture to guess that a big chunk of that were the shorts being allowed to cover on the bid by the MMs...