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Re: toolman post# 24379

Tuesday, 02/19/2008 7:17:26 PM

Tuesday, February 19, 2008 7:17:26 PM

Post# of 26529
That was a good trade for us and knocked out most of the sellers on the ask price of .003. I'll have to see how the L2 looks tomorrow. I think after seeing the prices today, there will be a few sellers getting out at whatever price they can tomorrow.

That may or may not have been someone buying to cover their short, but just keep in mind that they bought shares and they have their own limit that they're willing to sell (or sell short) at again. That single person will be a wall in and of itself.

In all actuality, we don't know for sure if that was a short covering. Just keep that in mind.