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Wednesday, May 12, 2010 3:48:43 PM
So what does that leave the mm to do? Short more shares hoping the company will go out of business. The company doesn't use dilution to raise capital won't have any effect. A bigger naked short just digs a bigger hole for the mm to fall into.
The smart and only option IMO is for the mm's to quietly cover any shorts on HSCC and support the price. Shorting and naked shorting it just creates better opportunities for the Dirty Dozen to flip and get to the 58million target sooner. Price runs up mm's sell shares they don't own. Then knock it back down 30-40% to cover. Rivet is right in their with them selling at the top and buying back.
The simplicity of it is beautiful.
He called the deep V-notch early this morning. Was anyone paying attention?
By: rivet
12 May 2010, 10:50 AM EDT
Rating: post rating 0 Rate this post: Msg. 966269 of 966291
(Reply to 966221 by energy_wave)
Jump to msg. #
Nice V-notch forming on HSCC this am, pull back to test the .04 level. Per 100k sold at .058 will buy you 145k at .04. What can I say except.
Thanks
rivet
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Rivet has been watching HSCC since it went public in 2005. The post above shows he's right one the money.
Dude
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