Bellatora Inc (ECGR)

[NewTrader2017]

look at these data, shorts only threw some 1.1 million dollar in the market to bring this stock down.

some 3,901,196 volume traded so far at this average .10 - .20 range, Which means some 700K
Jun 27, 2017 $0.1149 $0.1 $0.1149 $0.1 24,400
Jun 26, 2017 $0.112 $0.1 $0.115 $0.11 38,280
Jun 23, 2017 $0.112 $0.112 $0.1173 $0.112 22,249
Jun 22, 2017 $0.125 $0.111 $0.14 $0.14 23,499
Jun 21, 2017 $0.1258 $0.11 $0.14 $0.14 115,395
Jun 20, 2017 $0.1101 $0.1101 $0.13 $0.1294 44,050
Jun 19, 2017 $0.16 $0.11 $0.16 $0.14 81,384
Jun 16, 2017 $0.17 $0.12 $0.189 $0.15 152,909
Jun 15, 2017 $0.189 $0.17 $0.189 $0.1889 152,696
Jun 14, 2017 $0.185 $0.16 $0.34 $0.16 1,241,933
Jun 13, 2017 $0.12 $0.1127 $0.17 $0.17 1,549,405
Jun 12, 2017 $0.13 $0.1 $0.2 $0.1 454,996


another 658,419 volume on higher price let's average .8 average = 480K
9-Jun-17 $0.38 $0.10 $0.38 $0.13 230,907
8-Jun-17 $0.63 $0.35 $0.69 $0.35 137,701
7-Jun-17 $0.82 $0.60 $0.82 $0.63 12,844
6-Jun-17 $0.51 $0.50 $0.80 $0.79 50,272
5-Jun-17 $1.40 $0.41 $1.40 $0.41 226,695

shorts have failed because shareholders are holding it strong, even after 1/20 of the price there seems to be no panic. shorts also seem to failed as far as volume is concerned. many have grabbed these cheap shares are waiting for a ride.

since there is no panic, shorts may want will keep at this level for sometime. may be 4/6 weeks ??? may play other tactics.

They have to cover those 4.5 million shares, it will be very tough on them.