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Re: pooter03 post# 3272

Wednesday, 08/25/2010 10:44:36 AM

Wednesday, August 25, 2010 10:44:36 AM

Post# of 31299
I hope that is true, and causes a massive short cover. One would think if this is the case we would not continue to see a daily short 40-60% of total trades. I would think we would see massive coverings and the price driven up so they could cover their positions. I'm certain if there is enough money to be made they will follow KATG over to the BB. I saw the same type of thing happen with a NASD stock I owned. I think our run to .25 that suckered us was the same pump and dump by the MM. What they do is run up the price as high as they can and then massively short the stock. They then walk it down and hit stops along the way. IMHO they do this with the help of folks like we have on the board to supply doubt and scare off people and this just snowballs the stock. The MM can then cover and start the process once again. We have to be more aware of their tactics. I missed it and got all caught up in the euphoria and paid .23 for a good many shares driving my avearge way up from the original .09.

Volume:
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Total Trades:
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  • 6M
  • 1Y
  • 5Y
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