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Wednesday, April 25, 2012 6:20:00 PM
EOD Chart:PPS stalled its fall today. Bottom of candle 4 ticks higher and top is 1 tick lower for a 1 day gain of .01.
Daily Volume was 88.60% of Average Daily Volume. Today's volume fell by 57%, and Short sales fell by the same percent; 57%. What is VERY STRANGE here is the Short Sales Percentage of Average Daily Volume was EXACTLY the same: 54.73% both days. This means that even with Daily Volume and Short Sales Volume changes, the bite of the Shorters were exactly the same.
Even more strange is Daily volume fell 57.18751% and the Short Sale Volume also fell an IDENTICAL 57.18751%. How coincidental do you think that is??
In my opinion, it is super improbable that several shorters could hit an action identically out to the 5th decimal point. So, imho, All this action is from ONE( who might that be?? the largest pig at the trough) Institutional Holder serving its own purpose using computer trading.
Shorting action is presenting an extremely high Long Squeeze situation. The Long Squeeze pressure is the highest I have ever seen with CPST to date.IH intent, again imho, is to drive down/hold down the pps to give the IH time to buy to cover before a reversal. This being clearly indicated, to my mind by the exact numbers today inadvertantly showing the IH's move.
Therefore. I am very incouraged that, though we may have to suffer the shorting for a while, the motive for the significant IH is to cover before they are caught with their pants down.
Long Term 3 year chart is showing that now is the time they should act.
http://stockcharts.com/h-sc/ui?s=CPST&p=W&yr=4&mn=0&dy=0&id=p55655581227&a=158223355&listNum=1
Short term chart is showing the IH is having more trouble holding the pps down as the momo is beginning to change, so the shorter is forced to use more shorts in its efforts.
Often, recently, quite a few smaller, sometimes much smaller, IHs are beginnning to pick up shares according to Maffias.com(I only post IH trades of significant IH holders of over 100,000).
It is my opinion that the biggest pig is doing the manipulation and trying to exercise control over trading. This tells me the momo will change in the near future, though when is still a mystery.
Of course, I could be completely wrong...
Last Week's Short Sales:
Mon.......1,667,083............596,149.........35.76%
Tue........5,048,857.........2,525,438.........50.02%
Wed.......1,803,182............709,552.........39.35%
Thu......12,291,035.........5,883,719..........47.87%
Fri........10,713,231.........5,608,376..........52.35%
This week's Short Sales:
Mon...........875,441.........1,705,969.........44.02%
Tue.........4,962,397.........2,715,920.........54.73%
Wed.........2,124,526........1,162,753.........54.73%
Daily Volume was 88.60% of Average Daily Volume. Today's volume fell by 57%, and Short sales fell by the same percent; 57%. What is VERY STRANGE here is the Short Sales Percentage of Average Daily Volume was EXACTLY the same: 54.73% both days. This means that even with Daily Volume and Short Sales Volume changes, the bite of the Shorters were exactly the same.
Even more strange is Daily volume fell 57.18751% and the Short Sale Volume also fell an IDENTICAL 57.18751%. How coincidental do you think that is??
In my opinion, it is super improbable that several shorters could hit an action identically out to the 5th decimal point. So, imho, All this action is from ONE( who might that be?? the largest pig at the trough) Institutional Holder serving its own purpose using computer trading.
Shorting action is presenting an extremely high Long Squeeze situation. The Long Squeeze pressure is the highest I have ever seen with CPST to date.IH intent, again imho, is to drive down/hold down the pps to give the IH time to buy to cover before a reversal. This being clearly indicated, to my mind by the exact numbers today inadvertantly showing the IH's move.
Therefore. I am very incouraged that, though we may have to suffer the shorting for a while, the motive for the significant IH is to cover before they are caught with their pants down.
Long Term 3 year chart is showing that now is the time they should act.
http://stockcharts.com/h-sc/ui?s=CPST&p=W&yr=4&mn=0&dy=0&id=p55655581227&a=158223355&listNum=1
Short term chart is showing the IH is having more trouble holding the pps down as the momo is beginning to change, so the shorter is forced to use more shorts in its efforts.
Often, recently, quite a few smaller, sometimes much smaller, IHs are beginnning to pick up shares according to Maffias.com(I only post IH trades of significant IH holders of over 100,000).
It is my opinion that the biggest pig is doing the manipulation and trying to exercise control over trading. This tells me the momo will change in the near future, though when is still a mystery.
Of course, I could be completely wrong...
Last Week's Short Sales:
Mon.......1,667,083............596,149.........35.76%
Tue........5,048,857.........2,525,438.........50.02%
Wed.......1,803,182............709,552.........39.35%
Thu......12,291,035.........5,883,719..........47.87%
Fri........10,713,231.........5,608,376..........52.35%
This week's Short Sales:
Mon...........875,441.........1,705,969.........44.02%
Tue.........4,962,397.........2,715,920.........54.73%
Wed.........2,124,526........1,162,753.........54.73%
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