GZ6G Technologies Corp (GZIC)

[$tockJunkie]

Hi Everyone...just wanted to add my two cents

Since this stock started going up on Friday it has been a huge target for short sellers. For those on the fence and discouraged about the past 2 days drop in price, some buying pressure could send this back over .0035 to .0040 . Here is the short sale data from the last 3 days:

----------------------------Short Sales----Total Volume
12/22/2010 |NNSR|19,704,671 |41,086,069|O 48% short sales
12/21/2010 |NNSR|55,304,418 |82,979,185|O 67% short sales
12/20/2010 |NNSR|16,679,555 |30,373,033|O 55% short sales
12/17/2010 |NNSR|30,693,333 |57,626,601|O 53% short sales

It's not known how many of these shorts have been covered but these are extremely high percentages. A decent amount of buying pressure will drive up the pps and force many to cover, which would cause a "short squeeze" driving the pps up even further. I couldn't understand on the L2 today the ask would get hit constantly but the price would never raise. I suspect it could possibly even be the MM's who are doing the shorting. Hopefully, we'll have a better today tomorrow! GLTA!