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Re: Out The Window post# 94427

Sunday, 08/21/2016 5:16:06 AM

Sunday, August 21, 2016 5:16:06 AM

Post# of 232822
Why would they cover at .12? Come on! This is implying they were able to time it that perfectly, that they knew it wasn't going LOWER and that they should cover now? So basically, they sold off shares at .16 (that they didn't own or didn't borrow on - since that's a "naked short" link - and I seriously question it's accuracy - either way - increases OR decreases) and covered now? If they covered now, that now means they're expecting an INCREASE. Why wouldn't they wait if they thought it was going LOWER?

All this is telling me is that the "naked short" link is likely inaccurate. Type in some of the penny stocks from the ihub top 10 - pennies only - and you'll find 99% short percentages. 99%! 99% of trading in pumped stocks are short??? LQMT isn't that high or low, but it makes zero sense and it makes zero sense that any "player" would perfectly time a short cover from .166 down to .1285 on 700,000 shares of volume, not even counting regular buys and sells. What did they make 4-8k, at most? They'll either ride it further down or there is no way they'd be able to say "OK I'll cover now because this isn't going lower." To say they're covering now for that kind of money, risk and no expectation of a downside is false and counterintuitive to a short's mindset.
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