Elray Resources Inc (ELRA)

[Taylor Orion]

Okay, so there was roughly 400 million naked short sales above this price last week. Now we see all the usual shorting MM's on the bid this week. There is a chance some of this is intentional washout attempts to cover losses. Also need to crosscheck to see which of these MM's usually handle ELRA's securities, to see if some of these are MM's that had orders just passed off to them for fills and are now trying to recover their naked short positions.