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Re: None

Wednesday, 04/10/2019 12:43:51 AM

Wednesday, April 10, 2019 12:43:51 AM

Post# of 34625
OooKkk?
On 12-31-18, 1.1 million shares were shorted … and we were selling at $7.20.
Now there are 3 million shares shorted (almost 3 times the amount) … and we have traded BELOW $7.20 the Entire Time.

So, there is no doubt that almost 2 million shares were shorted BETWEEN $6 and $7.
One little tiny bit of good news, any tiny tidbit that makes it pop to $8, is just going to blow 2 million shorts right out of the water.
Any price above $7.20, and they are losing money.

Geez, if that were me, and I had that small of a price margin before I was losing money, I'd be Very Nervous.
I'm sure they already have their orders in to cover at just below their loss price, around $6.50, or whatever it needs to be.
I also think that, SINCE 12-31-18, EVERY TIME the price has started to creep up to their $6.50 (or whatever) cover price, They have been supporting their cover price by Shorting More.

This WILL backfire on them.
No Doubt, at some point, (and I think one tiny bit of good news soon some point), THIS WILL BACKFIRE ON THEM.
Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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