Saturday, August 23, 2008 3:44:25 PM
Anyway, in case I cannot post for awhile, here's something to chew on. First, I thought we should give PKG a present. Since he was ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL about telling everybody the short interest was up 86% last month to like 46000, I am utterly shocked he wasn't here this month telling everybody it is at all time lows at 14000.
Now, that tells me one of two things. One, that he didn't take the profit when he had it at .21. No, he panicked and covered as it was running to .35. If he still has them then great! But that would tell me if he only has 14000 shares short there is something to be said for that level of commitment for anything negative on this stock.
Now, where our interest really needs to be focused is this. We saw johnny's article he found on DKAM being added to the SHO List for the fourth time in the past two years. Now, somebody has to help me out here. How is it a stock that only has 14000 shares short and releases the best news in company history with their last earnings report "suddenly" gets added to the SEC's SHO List for the longest period of time it has ever spent on that list? And it gets added at virtually all time lows for the stock? Now, how is it that the very same stock that gets added to the SHO list "suddenly" falls off the list after 6 days when NITE is removed from trading the stock by Fidelity?
This would account for the volume you saw the past two days coming in to alleviate that naked short position.
I still have to question why a stock with only 14000 reported shares short would be getting naked shorted. That screams one of three things to me. First, these market makers have no inventory. In order to maintain liquidity, they are having to naked short supply for any buyers coming in. It also tells me if there is a party that is short the stock with a big position, it is ex clearing so whatever happens to these guys to lose all their money will not be documented anywhere. It also tells me that if ANY hedge fund came in right now, they could literally have their way of running the stock to any level they wish to run the stock to. And, it also tells me that more than likely the ONLY resistance on this stock is actually coming from one or two of our larger shareholders trying to game the system. In other words, one or two of us are absolute complete idiot morons. They think they can use their two accounts and put their shares on the ask to sell, and when they get bought, they put them back on the bids for support. Or, they are selling shares to themselves to get somebody else to sell them some also.
What these morons fail to realize is this stock would already be over a dollar if they weren't playing their games. So, to lock in their extra 4 or 5 grand, they have cost themselves over 2 or 300K or more.
Definition of idiot? The one who buys everybody a round of drinks because he sold a stock he held for 2 years for a 20% profit right before it went up 2000%.
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