Tuesday, April 05, 2016 10:55:18 PM
Accumulation has been constant since 3/28 as has short volume
Short Volume Percent *Data OTCShortReport
3/28 85,987,779 52.04%
3/29 74,584,592 66.14%
3/30 82,971,709 39.99%
3/31 129,619,208 49.41%
4/1 90,331,943 39.47%
4/4 132,937,277 55.70%
4/5 60,621,606 26.01% <--- DING DING
Early morning accumulations tanked and whacking commenced and flippers spooked. That is until 12:20 and the 54 million BUY when accumulation shot back up to the highest levels since this run started.
IMO two things are happening here. #1 accumulations at its highest point and a .0001 valuation drop would indicate dilution by conversion. All longs know that and we are eating up the cheaps. #2 Converters can double dip by shorting a stock while converting, a classic money making method and key to a Death Spiral. This is NOT working anymore.
Dilution was not spaced out to get the top dollar today. It happened fast and hard this morning to walk it down and short positions were covered along the way. Today looked to be the beginning of short volume bugging out.
The data is there to validate Pitts. I suspect the info I just dug up will only invigorate people here.
IMO of course
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