VCTY - just starting to get real interesting imo. Some people are calling for 10 cents next week, some say that is low if we get any rm news. Check out these two articles...
THURSDAY, FEBRUARY 18, 2010
VCTY - Could VCTY Be The Volkswagen of The Pink Sheet Market?
For those of you who do not know, Volkswagen was the recipient of one of the most historic short squeezes of our time. The company, at one point, became the worlds largest by market value... not because it deserved it, but rather because some greedy institutions had shorted the stock to no end, thinking there was no way the stock could rise. Well they were wrong and the stock soared amid a short covering buying frenzy. Could we be seeing a similar scenario with VCTY in the coming days? Could the culprits in this case be greedy Pink Sheet market makers who work under the assumption that these Pink Sheet stock go down, not up?
Obviously the scale and scope of a VCTY short covering rally will pale in comparison to Volkswagen, but then again you never know. When you consider the authorized share count with the amount of shares that have traded recently, it makes you think just how many shares have been sold naked.
Today alone VCTY traded 1/5th of its authorized shares. We've beaten this horse before, but it bears repeating. VCTY has only 105 shares authorized to be traded in the market place. On one day last week the stock traded 88 million shares, or pretty darn close to the entire authorized shares. The following day it traded almost 35 million shares for a two day total of 123 Million shares.
My point is someone is selling shares they don't have. This is the only logical explanation for the volume and price action. The day of reckoning is nearing as the stock is still under some serious accumulation.
Whoever is shorting the stock is betting that the price will fall so they can buy back the phantom shares they've been selling. If the stock does not fall, and continues to rise, these shares will have to be bought back on the open market. Also consider that a rapid rally in the shares will incite a greater need to cover short positions.
This is shaping up to be a promising situation for VCTY longs. It should be interesting to watch this stock trade over the next few days.
& this article……
VCTY - In The Midst Of An Amazing Short Squeeze Penny Stock Guru
VCTY exploded today, most notably late in the session as market makers scrambled to buy whatever shares were left to be had under $.01
Speechless..... That was an email I received from a subscriber today. You read press and rumors about a short squeeze, but to actually witness it coming to fruition is a sight to behold. In all my years of following penny stocks, very rarely do these short squeeze scenarios actually hold water. I think it is fairly obvious that this is exactly what is happening with VCTY.
Consider today when over 40% of the authorized shares traded hands. Or Thursday of last week when almost 90% of the authorized shares traded hands. There simply is not that many shares to justify the volume. Someone is providing liquidity with phantom shares. That is the only logical explanation. If this stock was trading at $.05-$.10 then I may change my stance. But since the price of the stock does not jive with the volume and authorized shares, I have little doubt that market maker NITE is short shares in a big way.
My claims of a short squeeze will be confirmed on Monday when VCTY opens the session over $.01 amid a continuing short covering scenario. It is about time these greedy market makers paid the price for their games. With continued short covering and increasing investor interest VCTY looks poised for some remarkable gains next week.
