Friday, March 30, 2018 8:09:27 AM
https://otcshortreport.com/company/SYTE
March 29 283,218 254,782 89.96%
Almost 90% of the volume were shares being shorted, that why I bid the stocks I am in with shorts on them and do not slap the ask I am by no means an investment guru but have a lot of experience in the OTC market. I never help them out slapping the ask when they are shorting it I leave that to them when they have to eventually cover, and they will they always do.
Cannot wait to see the 10K gonna be great compared to the last 3 years that's for sure.
Although it did make money in 2014 it will not compare to this years. And the turnaround management has accomplished in the two years they have been in control is commendable indeed.
Go from losing 900K+ to losing only 100k+ to this year making 2+ million and yet the shorts picked this thing to short I do not get it. So many easy short opportunities out there 95% of the OTC is wildly overpriced and this for sure is not one of them.
Ok, I am off have a few companies I been looking at for a while that are where $SYTE was a year, year and a half ago, gonna take the plunge and start the accumulation game there if all bodes well with their 10K's and continues into their 1Q results.
Have a great weekend all, and I am not telling anyone what to do, but if it were me and I wanted to increase my position I would bid it not buy it, lets the shorts sort out their own problem. It will go up there is no rush let them pay the ask price and push it where its going. You get more shares and the stock stays stable and they (shorts) lose their strength little by little. But at the end of the day you do whats you think is best for you.
Day to day price means nothing its where its headed with management doing the great job they are plain and simple.
Peace out.
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