Good day Lowtrade,i am having a discussion with Trader53 about FOGC 0.0001 and he advised me to turn to you to answer my question.
So here it is, this stock is experiencing a large amount of shorting at this moment. we see good buying volume, most always no bid and a ask at 0.0001 all the while the price staying steady. all indicates a strong short squeeze real soon. My question is, why is the price staying at 0.0001 while all this buying going on,with no bid in place ? Are they naked shorting this thing ? and also, how quickly do shorters usually cover their position with pennies ?
Thank you in advance of your view on this. I follow Trader actively and have respect for his board, and i also follow yours as well since suggested by Trader and up to now i like what i see here...
