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Wednesday, December 08, 2010 10:40:21 AM
There is no way to determine actual shorts sales by looking at FINRA numbers. The fact of the matter is that it is very rare for a penny stock to get shorted at all. First, you can't find the shares to short and second most have such small float, the price can pop on any promotion and you could be out many times your investment.
Anyway, the short claims and bear raid claims are usually followed by a company charged with fraud or going bankrupt. Check out the other times when people claim bear raids and see what happened to the stock. Those claims are probably the biggest red flag that something isn't right with a company.
Should have been filled but it was not. I have to say I'm a little pissed. Games, games, games. I have a solid position so can't complain. I have been following the finra numbers on this for awhile. We have approximate a 40-50% daily short position everyday but the stock has a very small overall short position.
This has been a short and distort campaign.
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