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Sunday, January 11, 2015 11:20:54 PM
my eyes and ears tell me it's hedge fund buying. I also know there was a hedge fund buying this week from .18 to .20 . It is not short covering rather $ that is being put in by HFs. Btw, this is not a guess, it is a fact.
How in the world is this a “fact”? You going to post your alleged HF buddy’s trade confirmations? Please. For anyone to say that all the buying was from any one source – be it TUTs covering their short positions, to TUTs buying simply to be long, to retail – is simply impossible, not to mention statistically a near-impossibility.
FINRA as well as the semi-monthly open short position report clearly tells us that a significant chunk of the buying was indeed short covering by TUT’s.
For you to continue to claim that it was not is simply a meritless and misleading claim that is harmful to both current and prospective investors. In addition, for you to continue to claim that retail was not the source of meaningful buying, then you are also suggesting that all this buying that began at around the same time that the TA/Chart indicators turned bullish and at around the same time that SCRC began getting touted on multiple penny stock newsletters and retail-centric research entities such as Zacks was nothing more than coincidental – that for the first time in pennyland history, all retail flippers and daytraders independently of each other all decided to ignore penny stock newsletter touts, analysts initiating coverage, and TA/chart indicators screaming “Buy me now!!!”??? AND, coincidentally, just in time to replace all these retail traders were nothing but TUTs all wanting to buy into SCRC just at this same exact moment in time? OK, sure…
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