In 2007, naked shorting was still allowed. It is not allowed any longer. Any Market Maker or Brokerage firm that is doing it is breaking the law. The only way around that is the 3 day settlement.
All shares sold Monday are now due to cover.
The only way we as longs can help our cause is to remain long and not panic and take advantage of any dips in the stock.
I did on Friday and will do the same all next week, including Monday.
You can tell by the way the stock trades there are very few shares out there to be had.
The company gives us some news and we are off to the races and those fools who have shorted the stock over the past few days will have to cover forcing us higher.
It is a very simple equation. It is not rocket science.
STAY LONG and your current position, will increase. There is no specualting going on here. The formula for a stock price to go up is buying and no selling. You want your investment or your remaining investment to increase in value you need to STAY LONG.
I am not going anywhere and advise any longs to add to their positions ASAP. It is called supporting your investment.
The company is in the process of closing on three major acquisitions that are all profitable. They can NOT do it without shareholder support. The lower the price goes, the more difficult it will be for them to close on their acqusitions.
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