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Wednesday, June 19, 2019 4:10:53 PM
The recent game they have been playing is this.
The smaller number of shorts who shorted at a lower price like 5.50, 5.75, have been forced to buy to cover. For every one of those (low priced) shares covered, it made available a new share to short at 6.50.
That's all they've been doing, shorting at 6.50 any available shares they can.
BUT that's only 1/2 million shares out of 3 1/2 million shorted below 7.
We HAVE TO get those other 3 million shares to buy to cover.
That will only happen when big buys FORCE IT past $7.
Soooo, againnnn,
JUST one decent large BUY order by a Baker Brothers (or someone without warrants) will drive it above $7, AND AT THE SAME TIME, millions of shorts will HAVE TO be bought to cover, and that added additional volume (MORE THAN 15 TIMES the average daily volume) should propel it to near $8 or higher.
COME ON Mr. or MRS. Millionaire, besides being a GREAT long term hold, it would also be INSTANT PROFITS, start to buy and push it up at 6.50 and 6.75 and 6.95 … and in a few days ALL your new shares will be near $8 or higher.
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