8000 Incorporated (EIGH): I don't get it. When the short number...

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SevenTenEleven

Re: Virtual Drew post# 98318

Wednesday, 02/16/2011 8:33:22 PM

Wednesday, February 16, 2011 8:33:22 PM

I don't get it.

When the short numbers indicate over 50% (sometimes upwards to 60, 70, and even 80%)...the prices RISES!

Today, it's only 7%, and the price FALLS!

Care to try and elaborate? - Virtual Drew

Short selling to fill buys on targeted stocks as the PPS rises (High short %).

Short covering to fill sells on targeted stocks as the PPS falls (Low short %).

Very common and consistent pattern for "targeted stocks". I gues "unsquaring of trades" happens more when volume hits the ask, than the bid.

EXPH is seeing high short volume still. Even at no bid x $0.0001.

Guess someone is speculating on a RS.

Good Luck!

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force market makers to cover their shorts above what you paid. Build wealth for fellow iHub'ers!