China MediaExpress Holdings, Inc. (fka CCME)

[Danduedil67]

Smells like naked shorting to me....

I have no idea what these folks are thinking. These shares that they are shorting are just being absorbed into the accounts of long term players. I had always thought their theory/plan was to drive the price down with small 100 share blocks so that they could trigger some stop loss orders that they could scoop up to cover with... that is NOT happening, as folks seemed to have smartened up and adjusted their stops.. I also thought that they were hopeful that they could trigger a panic sell-off - that is clearly not happening either, as we have traded nearly 2 mil shares and have actually stayed in a relatively narrow range.

All they seem to be doing is digging a deeper hole for themselves, possibly with phantom naked shares. I can not imagine that this is retail shorts, they would have been long gone by now. Who could be doing this? And Why? It does not make any sense.

-Dan