SilverSun Technologies Inc (SSNT)

[Det_Robert_Thorne]

I thinks Silversun's still unknown by most traders

I don't think many people know this company exists, or perhaps the large share Meller holds on conversion is scaring people away.

This "speed dating" event that Meller will be doing over the next few days, coupled with a good Q1 report before May 15 should correct the first issue, but I still have no idea how "the street" will deal with the latter.

I think a lot of the trading has been shorting and covering by one or two traders, and they pushed it too far, which is now causing them to cover at much higher prices.

Over a year ago, when Maestro was blaming the stock price on naked shorting, I put together a spreadsheet showing daily shorting versus volume over a period of several months. After looking at the data, it was my opinion that any shares shorted were being covered in the open market within the three day window, so there wouldn't be any Reg SHO fail to deliver violations.

I haven't updated that sheet since last June, but I've pulled it up and am going to input the daily shorting data for the past month, and see if an inability to cover lower is what may have caused the big, 133K order at $0.345 this morning.

I'll get back to you all as soon as I have something to report, which will hopefully be in less than an hour.

FWIW, someone just sold 52K into the bid, taking out the remainder of that order, so the bid's back at $0.17

I'm going to pull my sell at $0.385, so the upside availability will be a little thinner.