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Re: Stocktech1 post# 52563

Tuesday, 08/23/2011 11:46:46 AM

Tuesday, August 23, 2011 11:46:46 AM

Post# of 92697
Well I am no one of authority so don't look at me.

I do believe however those if the DTC was letting this thing go to ruin it would have happen by now. But this is a viable company with a legitimate business that investors have interest in and a product that the market has a demand for.

I think Naked Shorts are holding their positions until they are discovered and that the fine doesn't off set their profit margin in the least.

I'm under the impression that the bounces we are seeing are just that - shorts covering..NOT naked short positions because there are shares to cover these short positions! My understanding is that the drop we've experienced was from naked short positions discovered forced to cover, fined, but because there were no shares to cover for those positions the stock price fell hard! That and among others who just wanted out before the total lock down and who can blame them?

One other thing to consider (my assumption) is that the short position covered today wasn't a forced issue by the DTC...I believe they simply believed this was the end of the road and took profits before this thing bounces...which would have been on news that the lock down is being released.

That’s my hopes at least.