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Thursday, June 03, 2010 9:01:25 AM
The OOAG rocket just keeps on going higher! The company is making great developments after the settlement, they reduced their A/S from 10 bil to 250 mil, they've retired 70 million shares this week alone, they're going to get their financials audited for uplisting and revenue is about to hit the company after the years of litigation. This all is reason enough to buy OOAG, but there's more! The demand for OOAG shares has been very high the last two weeks, and the supplier couldn't always supply the demand, so they had to naked short sell. Yesterday's short volume was 46.03% with 13.452.278 shares naked traded! http://regsho.finra.org/FORFshvol20100602.txt And the day before it was a staggering 55.73% with 4.738.586 shares naked traded! http://regsho.finra.org/FORFshvol20100601.txt
We've already made a nice overview of PPS development and short positions over the last two weeks, and we've updated it with the new info. We get the following overviews:
The numbers just keep growing and growing! We're up 37000% over the last two weeks!!! from the total volume of 187.553.011 80.353.175 are short positions!!!
They of course managed to cover some in time, but we've all seen the immens buying pressure coming from retail investors and fed by news! There's no way they've even managed to cover half of these 80.353.175 short positions! Not with the stock up 3700% in two weeks! NO WAY!!!
Shorts have 13 consecutive days to cover their short positions. They will have to buy the shares from the open market! It's all explained here:
http://www.sec.gov/spotlight/keyregshoissues.htm
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