Yes, but as I tried to mention in my post 860,000 short positions and probably about 500-550,000 covered shorts from what I could tell. That leaves about a net 300,000 short at these levels for the day. Very sad, but penny stocks with limited liquidity provide the perfect place to try to pull some shenanigans.
My feeling is someone targeted this stock b/c they saw it ran up to fast, to much... and going into the summer with no substantial news an entity with a sizeable position took advantage of the uncertainty that speculative stocks have, almost on cue to break people's wills and force capitulation, benefiting from fear and continual shorting. The low volume is key for a situation like this to arise. The trading that I watch on the LVL2 seems like it is too organized to be many different people, instead this is a fund/few people/something fishing for easy cash off fear and power.
Personally I don't think the Cohen Report helped the situation, and if it is going to come up with a .52 cent target, it should do so in a different way, that would include a big contract from haiti, and then we may be talking more realistic chances. This may have been an invitation for an entity to target this stock, and I hope management does not release any more of these sorry research reports as their news. I personally chalk it up to these guys not knowing how to promote their stock, as they have a lot on their plate, and they are just engineers and out of the box thinkers. Let's just see some results and it will all clear up, and I can forgive their error in creating a lack of credibility when using such a report.
I could be wrong, but these are just my opinions.
Long here, and willing to wait these waves out, and see what the next day brings. My eye is on the company fundamentals, as they will ultimately determine the stock price. And I will be very intrigued what type of news/other information comes about if Haiti starts distributing money for cleanup/reconstruction.... something MSMY seems to be preparing for....
