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Re: Tradetalker post# 3809

Sunday, 06/23/2019 10:20:58 PM

Sunday, June 23, 2019 10:20:58 PM

Post# of 4231
The markets are a cess pool.....

Here is what I am thinking will happen, and I could be totally wrong because there are so many levers that market pros have at their disposal...but going with my gut here's my ta,e.

I do think MMs got caught short, there was already 5+ million short here...then in the last 2 weeks the company put out 4 PRs. I figure its reasonable with all the hype and promotion that the news attracted some buyers...I suspect there weren't enough sellers to satisfy the buying demand, which would mean MMs writing IOUs to fill orders imo.

If I'm right and MMs couldn't locate the shares and ended up having to go short (IOUs) in order to satisfy buyers, then I expect there could be a drop Monday as the Monkeys look to shake free enough shares to clear out their IOUs. I don't think its a large number, somewhere around 1 milion shares on the high side or as little as just 100K or so on the low end.

Bottom line is I expect some covering...no free ride in other words. Then once Monkeys have found their missing bananas I think it could be off to the races again. Vuzix does an incredible job of selling excitment and getting investors to hand over cash for shares based on forward looking promise...that's what the market is all about a lot of the time, especially with money losing speculative companies...and Vuzix has been at it for years and I figure they know the game as well as any company out there.

Cheers

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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