Pharm Control Ltd. (fka PMCL)

[gogetter]

Well naked shorting occurs when a market maker (crook) sells shares without borrowing them before hand. This creates a lot of selling pressure which in turn drives the price of the stock down. PMCL was obviously naked shorted really badly when it went from $2.00 to .02 in about a month's time. My invetment partner owned this stock at .05 and on a mysterious Friday afternoon trading session he and I watched the stock go from .05 to .01 on 44 million shares traded. Obvously the MM's were shorting it very hard, probably for one of their hedge funds. IMHO they are covering some of those positions right now and keeping the price down in the process by buying and selling between themselves. The company could catch them with their pants down if they do something that creates enough buying pressure to force the MM's to stop shorting. If PMCL is really 20 million short, then this will be a huge squeeze regardless of what the MM's do. It will just take a lot of patience which I have plenty of.