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Re: kid biscuit post# 47605

Wednesday, 02/10/2016 7:57:53 PM

Wednesday, February 10, 2016 7:57:53 PM

Post# of 63744
If we do a different way the short sellers will be desperate to cover.

I detailed today's trade as follows:

Today the short sellers shorted more than 1M shares at $0.17 and hoped to cover around $0.15. However, the buyers (I am one of them) are so strong that the price was back to $0.183. So, the short sellers had no chance to cover until market close and then so desperate that they used a couple of thousands shares to paint the close at $0.1711.

Now the gold price increase hard. I think they will be more desperate to cover tomorrow. So they may try to drug price down again at tomorrow opening.

If everybody absorb some shares tomorrow the short sellers will be burnt hard!

I will absolutely do so tomorrow if price lower than $0.175 (higher than they shorted price today)
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