Sarissa Resources Inc (SRSR)

[OldeFrothingslosh]

I agree. Except for maybe a few uninformed hedge funds out there, I don't think the short interest is enough to make a significant difference. Hopefully, the new rules will offer some transparency, but yes, there are always loopholes. Not sure if this is part of the new rules that go into effect today, but I don't think I like it for a stock like SRSR...

http://advisors4advisors.com/investing/us-investing/article/12933-sec-proposes-new-stock-trading-rules-to-provide-cushion-for-market-volatility

When trading at 3 cents, SRSR only has to go up 0.003 to hit 10%, and be halted for 5 minutes. Seems that this is a perfect "loophole" for shorts to cover at a better price for them, or for an MM to further manipulate the stock by flooding the ask and/or bid with lower prices during that 5 minute window. Think about this in terms of percentages when SRSR finally gets some massive upward volume on good news. Maybe I'm wrong, but I have to think about it a little more.