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Re: rbtree post# 29593

Thursday, 01/28/2016 3:32:28 PM

Thursday, January 28, 2016 3:32:28 PM

Post# of 156701
The whole point of the short was a scare tactic. Someone either shorted 571k shares or a long sold 571k at .017 to create the scare that made those weak hands sell below .017. They then bought the shares sold below that at the range of .012-.016 and kept all the profit without losing shares. The entire point of shorting is to make the price drop and cover at a lower point. This obviously worked today due to some weak hands out there. Whether it was a short sell or a long making profit doesn't matter to me. I got cheap shares. Congrats to anyone else who did as well. I'm out of posts. Talk tomorrow. TTCM long an strong. :)
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