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Alias Born | 06/14/2018 |
Sunday, April 16, 2023 7:07:50 PM
On Sunday, March 26, 2023, post # 33217 the following:
"on Feb 28 there were 65,000 shares shorted, on March 15 there were 90,000. By the end of this month (March), based on the current low price, 60,000 or 70,000 of those should have bought to cover by now. You always have some sticking and hoping it goes down to 10 cents but most take a good profit over a short time period when they can get it."
On 3-31 there were ONLY 9005 shares shorted. 80,000+ shares were bought and covered.
SOOOOOOOO, I don't think the upward movement for the last couple of days were shorts covering AT ALL.
NOW, be prepared, if it goes back up to $1.50+, SOME of the shorts Will come back and try to drive it back down, but MOST of those who were short did so because they knew 90+% of the time after a reverse split, it keeps going down.
They were not shorting MARKER per se, they were shorting a random stock that just did an reverse split.
Hope we can keep climbing and we can hold well above $1.
Then it is just back to what we have been doing for years ... waiting for the good data news .... and waiting .... and waiting.
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