74 million shares traded last week.
Time and sales clearly showed that there was overwhelming buying as opposed to selling. I would say based on my observations 2 to 1. That means 25 million shares were shorted just last week. When there is more buying and selling, a stock should move up. I'm thrilled the shorts keep having to short this, because it only means a bigger squeeze in the end. I think if the company announces good sales, earnings, and good share structure this week. We will be able to garner enough buying throughout the shareholder base and new people coming on board to break the shorts. When we do, it will take them days if not weeks to cover. I personally think the short position is so great, that the lead broker is going to have to declare a margin call at some point. I still say the squeeze is going to be on between five and $.10. Four cents is a clear technical break. They are doing everything in their power to keep this thing from going up, but it looks like enough deep pockets are willing to buy this thing all day long at 3 1/2 cents.
