Credence Systems Corp (CMOS)

[mike306oh]

Yes, chart start looking good. Near the EOD, it looks like the opperators of NADQ, and cinn (the two main handlers of wash sales in favor of the shorters, it looks like), might have closed their computers 2 minutes b4 the hour. Those two minutes were enough for the stock price to increase from 1.36 to 1.4:

http://ih.advfn.com/p.php?pid=trades&btn=s_ok&symbol=cmos&s_ok=OK&minimise=

Most of today's activity was Buys (over 60%, and I would argue it's in fact larger than this as many people buy at the bid). The shorters and their handlers won't let it go to easy, however. See the two AH sells, the first @ 1.38, and the second @ 1.3249 (although the bid was 1.38 at the time).

Today another institutional investor posted their Buy SEC filling.

As soon as the handlers (the MM's, and/or some of the institutional shorters) loose their play (for even a short period of time), we should see a nice short squeeze action here. It happens quite often as of late, and the higher the percentage of shorted shares, the bigger the probability this will happen. It's why I'm glad that a still large number of short shares still exist (5,927,000, today's count).

Volume was up today. If it increases further, the handlers will have a harder and harder time controling the price, and we can expect at least a mini short squeeze here.

Mike