InvestorsHub Logo
Followers 37
Posts 2584
Boards Moderated 0
Alias Born 02/08/2014

Re: ChrisMissing post# 990

Friday, 12/22/2017 4:47:50 PM

Friday, December 22, 2017 4:47:50 PM

Post# of 5702
I'm not sure what to make of that. I don't think the stock is widely traded so the brokerage having to use your shares rather than their own is not a big surprise. Short interest wasn't particularly high a week ago (I think it was about 10k shares in mid-Dec). The stock has been trading sideways for a while now with buys out numbering sells by at least 2 to 1 (by a buy means I mean that the purchaser meets the ask price). The number of shares selling close to the low of the day are much less than those trading at the average or higher than average for the day. In terms of sideways trading I haven't been unhappy with the past few days. Even when it drops a bit its been on low volume and interest picks up.
Best I can guess is someone thinking there will be sells for end of year losses. But I think there is a chance we will see more interest in the stock after the holidays because of anticipation of news after the first of year. So I've been tending toward seeing more strength next week. Then again there could be dilution to fund the upgrades and 500,000 shares could be dumped. Even if that happens I think the stock will stay above 0.06 unless the dump is well above a million shares.

This is all me just talking off the top of my head, so take it all with a grain of salt. I am not a short trader and know very little about it other than it can turn ugly fast.