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Wednesday, May 26, 2010 7:40:19 AM
544,604,802 shares have been shorted in four days. This is good news.
For those who understand MM codes the one that is elusive but happens on MOMO runs. It is the infamous code of 666666. This code is to tell the other MM's to run it down heavily to catch the sell stops to gather up shares shorted. This code happened with NITE on the bid and ask. Right after the 666666 code NITE sent out the 100 code. three minutes after the 100 code was sent the BID became higher than the ASK for over two minutes. The bid was .0056 and the ask was .0054.
This type of manipulation only happen when shares were naked shorted and covering needed to happen ASAP. yesterday in a bid to gather their shorts for thursday and friday NITE sent the 666666 code. NITE and ETMM is the ones who shorted BANI heavily. VERT was the one buying heavily thursday for the run and dumped their shares for a profit. This is not dilution this is MM's playing a MOMO play.
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