PAO Group Inc (PAOG)

[ptolomeo]

85% SHORT COVERING IN NWAV

In the last two weeks the short position on MJTK was reduced by 85%

http://shortsqueeze.com/?symbol=nwav&submit=Short+Quote%E2%84%A2

While we were complaining about the PPS drop, MMs were silently covering their short positions.

That means three things to me:
- They have been shaking the tree to get shares from weak hands (longs, hold strong and set a crazy sell price for your shares to lock'em and avoid them to be used against you!!)
- They think NWAV already hit bottom. Because of that they covered this 85% of their shorties (probably also accumulating some).
- From here we should go up. That's why I also think we could see the $0.02 in the next weeks.