Enertec, kinda what I figured since there is no daily reporting of short interest. Anyone could make the analysis that today's early action looked like shorts but who in their right mind would short a 3 cent stock? I continue to believe that the selling is by a few who have sub penny stock and just want to nail down some profits. Could be wrong about that. Will find out on the 16th what the short interest is. As of April 30 it was only 7500 shares.
Analysis of pink sheet stocks.
1) Brokers cannot recommend them in fact most brokerage houses will not let their brokers recommend any stock (NYSE or NASDAQ) that is less than 4 to 5 bucks.
2) I don't know of any funds that hold Pink sheet stocks.
3) Don't know of any Banks that hold PS stocks.
4) Don't know of any large investors that buy or hold PS stocks.
Then who owns these stocks? Insiders...those who started the companies or bought the shells, their friends and relatives, for the most part. That coupled with the pie-in-the-sky penny investors who want to turn 2 or 3K into 20 or 30K and the investment web sites that were paid stock or cash to promote the stock.
A very very few Pinkies ever make it.
Then there is another type of investor that may put a small chunk of their portfolio in a pinky now and then, that is when we can't get to Vegas.
One has to realize that 1 million shares of CAVR @.03 is only 30K. One small trade for many real stocks on the NY or NAS.
So, given the fact that no funds, banks or large investors are in the pinks the only thing that drives them up or down are the MM's (and they are a bunch of crooks) and the small investor.
You roll the dice and take your chances. I think, if everything one reads about CAVR is true, then this company certainly has a chance to be one of the ones that make it.
Sorry of the Book...Willy
