Good morning MEVT, please take the time to read!
NITE had been shorting this since it was @ .38, with most of his shorts being covered under .50, shares under that were rolling in this morning helping him cover his losses from MEVT's last run & helping him to possibly cover future shorts as well on the next run but they are are drying up. Notice that nice tight spread 49/50 now, then when that does not work he opens back up the spread 45/50 & someone helps by selling 48's. He still wins & profits from inexperienced traders not use to a very well run short game! Anything @ ask or above as been very hard if not impossible to fill because NITE would be selling his shares that he needs to cover his position. but if he can get some more bid whackers to come to .49 or into the spread w/o having to raise the ask, still @ his optimum .50 then he still profits big time. Now let's not make his job easier & slap some ask, forcing him to have to sell as the ask pps rises accordingly. We want HIS hares not give/sell him ours. I know that they will not fill a large over @ over ask because I have an AON offer out there above ask & have since earlier this morning. I have added/bought shares today in small quantities while offering bid support & some more @ ask but only in small quantities (have they filled)just to have NITE lower the ask right after. He is not filling good size orders AON as it will cost him his shares. People if we can slap the ask then we can have the shorters help us shareholders for a change. How? Simple:
Once we start to move higher & the volumes reaches higher than today's volume while buying/covering shorts, he & his cohorts will have to buy in order to cover losses & future shorts. A little ask slapping & less bid sitting will help us get him to buy for us sooner. I hope this brief lesson on how to play shorts has been helpful &now your help is needed to help yourself. slap the ask & make it higher than the ask so they have to be filled, & by SEC Rules that will be @ the best available price, which will be the current ask & cost NITE some of his shares he basically stole from us to do impatience & panic this morning & afternoon. Wouldn't it be nice to have NITE actually help us by having to buy & raise the pps for us instead of lowering it & us helping him? Think about it please, it really is just that simple. Patience = Profits & ask slapping gets us there quicker, not MHO just fact!
Thanks for your time & GLTA,
Sky
It can be even simpler for those who do not want to follow this all day, simply do not sell your shares. No shares, no cover, no shorting!
