Well the short activity yesterday was only a 1/3 and that was mostly covering throughout the day on the bid. The short activity is all the short activity both the selling and the buying to cover. It was shorted at the start of the day a little bit to help it drop so that they could cover, Its clever and typical.
One thing though this stock is headed higher in the very near term.
Because watching the trading the past three days someone/many have been accumulating the stock. The large bids a few yes have been shorts covering but the rest has been accumulation By whom I don't know but someone is and in a big way.
With news coming this week and more than likely in multiple pr's someone/many are accumulating this thing for when the herd of traders roll in. I have tried to but have only been able to get 160K shares since my initial buy in.
I am going to try and get another 50K to 100K depending how far the MMS or shorts try to bring it down all depends on volume if its low I will get more than if the volume is steady.
I would suggest anyone who does invest in this stock to do the same, not by slapping the ask do yourself a favor and bid it or let them take it down and then slam the ask. You get 2 to 3 times the shares and the price goes back far quicker and easier than it would by you trying to hold it up. Its like trying to hold up a boulder on the side of a mountain that wants to roll down,its coming down use that to your advantage.
The stock will as well end up right where it started the day or higher as it goes back up far easier than trying to hold it up. Just a tip to all those who never post and may not be as astute in trading as some others. The money made in a momentum play or long position is made before the news hits not after.
Sorry for taking up your time hope it was useful to many, just some advice and it works in all stocks on the OTCBB and always will. Another thing, you will end up tripling your position or better that way and while waiting for the catalyst for the stock to take off, you will feel much better as your position will always be green in your portfolio because you took advantage of the real dip not a 20% one the good ones 50% plus. Those 30 minute drops is where you make all your money whether you are a long or just a trader.
Peace out.
AI
