American Green Inc (ERBB)

[thebaseballdoctor]

43%(13.5 million shares) of the 32 million shares traded were listed as being shorted today... If this is true, then the shorts have very little respect for anything good coming from the Sunday night program with Shearin...as they appear to be very cocky/confident that they have the numbers and support to short 14 million shares, and possibly holding them, heading into another week.

As it looks, shorts had NO intentions of covering today, or going into the weekend, as they posted their highest shorting percentage of shares in a month of trades. For that kind of short position, the trading session Monday could be interesting...from two different perspectives:

First of all, if Shearin does not have anything of substance, the bears will have more control, and incentives to continue taking the PPS lower.

Secondly, if Shearin pulls a rabbit out of his hat with something that can be a game changer, then, that 14 million shares shorted, plus an unknown number of shorted shares, by individuals, and by MMs, could be enough shorted shares to set the atmosphere for a "wild fire"...that would then be fueled by the Bulls...

A thought about the low volume... We know that there are probably several of the 57,000 shareholders in ERBB that could be holding as much as 100 million shares or more. Only 10 of these investors could account for one fourth of the OS, and one third of the float. So, could we assume that most of the high rollers are still holding onto their shares...possibly creating a shortage of tradable shares, which would precipitate the environment wherein the MMs have to do everything that they can to prevent any kind of break out?

I mention this, as there could be as much as 2 - 3 billion shares owned by present shareholders, and and possibly as much as 2 billion or more shares that are "naked shorted" by MMs. Now, we know that the MMs are not going to have their butts handed to them, if, indeed they are short a couple of billion shares...thus, setting the stage for all the trading back and forth between themselves that we are seeing on a daily basis.

One more thing, there appeared to be NO dumping of debenture shares today...or, certainly much less than the past couple of months, and a ton of very small orders, which, to me, signals MM trading between themselves, as very few people will make buys and sells of hundreds to a few thousand shares. Why spend $10 to buy or sell just $50 - $100 worth of shares? I may be wrong... AJMHO, of course, FWIW