OMID Holdings Inc (OMID)

[vegetto]

checking up on my spelling huh?

your thinking is absolutely right, that's why the regsho is posted at the end of the day as you have a chance to cover the same day and then does not count toward the short volume

usually, i try to focus on the percentage short interest if the daily volume is around or above the average. the only reason i like to add up short volume and see the number instead of percentage is to see when and if we can move up. using the L2 quotes and seeing how many mm's are on the ask, total up the shares that would be "required" to cover and guesstimate how many shares of buying pressure that could buyout the mm's at a specific level usually you can see how high it could go. if the average volume remains the same, you could also tell approximately when.

there's a lot of variables looking at it this way, but with anything (like reading chart indicators), its still a guessing game. the only thing that's for certain is they "have" to cover their shorts. and in being in a position that we are now, that's good news. if people would increase buying pressure before the covering begins, this could go even higher.

anyway, lots of speculation and rambling, i believe this thing could get to 10 on buying pressure alone in a few weeks. if news from the company hits at the same time, we could double.