Maybe we got Valentined today???
Several weeks ago, I proposed the following:
If someone held a massive short position in JNOT (as a hard core of people at the RB JNOT board would have us believe) and the same person held a (probably much smaller) short position in NPCT, and if that person came under massive pressure from a ''short squeeze'' in JNOT, then that person might engage in additional short sales of NPCT in order to bring in urgently needed cash (to try to avoid margin calls as his accounts got deeper into the red) as well as to make his NPCT short position look less problematic. (It would only look better because he would succeed in driving the price a little lower -- but in reality it would be worse because he would have increased the size of his short position.)
If this person truly is on the ropes financially and is short tens of millions of shares on JNOT (as some claim), then he would have been sweating bullets today, as JNOT gained about 20 cents on over three million shares traded.
It's enormously speculative, because I don't think anyone really has solid proof of what this hypothetical individual might be up to. But, IMHO, there's a more than decent chance that the only reason NPCT went down today was as I've described above. In which case, today's trading action in NPCT meant absolutely nothing about the progress of the company.
If you think what I've said might be plausible, you might want to take a glance at an intraday chart for MBPT, another company that our fiend is believed to have shorted.
If the theories of the JNOT gang are correct, our short selling friend may be bleeding like a stuck pig in shark infested waters. Monday could be very interesting. Volatility could be extremely high for NPCT and MBPT and any others that this bozo shorts. The more desperate he gets, the more he might short us -- but if the momentum players keep pouring into JNOT and the ''JNOT short squeeze theory'' gains even more believers, Mr. V could find his accounts closed out against his will and his short positions bought in by the brokers, MM's, and clearinghouses. If NPCT does get driven down by additional short selling, it could also turn on a dime and take off like a rocket.
Best regards and all Just My Humble Speculation,
Geoff
