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Re: HugeStockProfit post# 24326

Thursday, 10/09/2014 12:20:59 AM

Thursday, October 09, 2014 12:20:59 AM

Post# of 39713
I think alot of people check the shorts but just think/hope that shorts get caught with their pants around their ankles but I check it daily. The % is absolutely meaningless by itself. You HAVE to check the volume as well. IMO if the % does not positively correlate with volume then its just MM's playing with themselves...literally. I expect this to fluctuate but what I don't expect to see is a downward trend towards the 009's and 008's. Not enough week hands here. Based on the volume long support is high and shorters are just trading amongst themselves. Check the level II's. Just an example but NITE has been at both the ask and the bid alot. Again, not the most technical guy but logic says hands are stronger than weaker and green energy is stronger than most sectors out there. All just IMO. GLTA!