Tuesday, June 28, 2011 5:28:22 PM
The shorts don't want to take the price lower because then one long can afford to buy the whole float. Collectively the longs all together can buy the float at this price though.
All longs should buy to average down. If the shorts want to hold the price here, then let them. The worst part for the shorts comes next as they try to cover.
Longs, don't sell cheap. We get to name our price. The shorts have no choice but to pony up on their short position. The shorts need shares as bad as they need air to breath. Sbay shot up to $15.00 the last time the shorts were squeezed.
FEATURED Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • May 15, 2024 10:30 AM
Swifty Global Announces Impressive Financial Results for Q1 2024 • DRCR • May 15, 2024 10:25 AM
Branded Legacy Inc. Invites Shareholders to Celebrate Milestones at Open House: Announces Share Buyback and Commitment to Authorized Share Count • BLEG • May 15, 2024 8:30 AM
Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • ACGX • May 15, 2024 8:30 AM
Category V Biotech, Inc. Announces Letter of Intent to Acquire Genetic Networks, Expanding into Biotechnology Sector • CATV • May 15, 2024 8:00 AM
POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • POET • May 14, 2024 10:09 AM