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Re: SpunjHamr post# 14788

Thursday, 08/26/2010 10:09:35 AM

Thursday, August 26, 2010 10:09:35 AM

Post# of 26968
Yes that is correct at the top of a run up MMs will short or naked short, then walk it back down. This is a well known tactic. You can check out SEC site for more information on how MMs short and how they are regulated.

As I mentioned in my last post this would mean for the trade volume yesterday (6,500,753) there were (4,564,583) short sells most likely all MM traffic. If you do the math (short / vol * 100) thats about about 70.22% of the trading activity yesterday were short sales.

A short squeeze could happen at anytime and run this stock up fast.

GLTA