InvestorsHub Logo
Followers 78
Posts 16926
Boards Moderated 0
Alias Born 01/31/2004

Re: Pele post# 10242

Monday, 07/28/2008 4:39:12 PM

Monday, July 28, 2008 4:39:12 PM

Post# of 103340
It is common to see a large short position on penny stocks when they begin financing by selling shares. EXPH recently completed a financing last month, but the SIX MONTHS prior they were selling shares to raise capital. The MM's or another entity began to short when they saw the dilution--they never expected JD actually had numerous purchase orders from Fortune 100 companies on hand. Its actually a very unfortunate situation for them, as I expect EXPH may begin to release some news releases that will have an impact on the market.