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Alias Born | 08/24/2010 |
Saturday, September 04, 2010 10:30:08 PM
The most interesting aspect of the trading in this stock is that for over the last two years I have read about how the MM's and the NS are responsible for the lack of SP stability. The endless stories of the billion short positions in the stock and the correlation to the VW story.
It always seemed silly to me that a stock whose 5 year history reflects only maybe 2.2 billion shares traded could have a billion of those shares in a NS position.
From a total dollar stand point, at lets say and average price of .02 over the five years, we are looking at $20 million dollars in short positions. And at .03 SP the shorts are holding a current advantage of $10 Million.
I mean if this was true, would you not think it would be allot more prudent to try to see the SP rise above the .04 mark to force these NS into a need to buy or cover their margin calls.
Hell, if this was true, we probably would only need to hit say .045 before these shorts would abandon all hope and go find another sand box to play in. I mean a $5 million dollar loss in any brokerage house today is enough to get you fired.
No I think that maybe the dirty rotten bastards you all have been talking about are probably each and everyone of those that have played the ,pump it and dump it game, or now we are going to call it the "prudent investor success strategy" (PISS) and sold the stock down the river for what, if you bought at the low and sold at the high you probably made 10s of thousand of $.
Well good for you, "Caveat Emptor". Your PT Barnum mentality has to date paid you well. Just remember you may be PISS ing away a great opportunity for everyone. I mean what is going to happen to the stock the next time you play your PISS.
I hope the real longs can understand the play and PISS on you.
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