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Re: Jellybeanie post# 4019

Wednesday, 08/03/2011 11:24:52 AM

Wednesday, August 03, 2011 11:24:52 AM

Post# of 28686
Jellybeanie, when the shorts cover it puts upward pressure on price - not down. IMO someone is buying a new truck or something else, the MM is short and holding the price down, or the MM is accumulating shares for himself. This is not a large down volume so not a big deal. This is a very thin market so expect movement like this. Notice that the big down moves were maybe a total of 10K shares. That is a drop-in-the-bucket for the current shareholders.