Bioelectronics Corp (BIEL)

[JNdouble1]

As has been discussed many times. The daily short report doesn't mean what you think it means. So, no I don't see the probability that the MMs Shorting all of those shares @ 5 prevented BIEL moving up to 6 until later in the day and dampened the Buying enthusiasm.

Market makers don't care what the price is. All they care is that there is trading. They make money on the spread no matter what direction the price is moving. They have no incentive to keep it low or dampen any enthusiasm. Quite the opposite.

If there were more buyers willing to pay six, then the price would have stayed at six. There weren't, and it didn't.