Saturday, June 30, 2012 10:13:11 AM
On June 18 and June 19 when the pps was in the 0.07-0.08 range, the tree was being shaken hard, manipulated, under the guise of creating liquidity. IMO
Presently, only 1/4% of the total shares are trading on a given day. Shareholders aren’t being fooled by selling into these artificially created downdrafts. Is there a pattern?
On the 18th of June 51.7% of the trading were FTDs. That being said, 1,086,565 shares were not borrowed or located with 2,102,407 traded. Same story on the 19th of June, FTDs registered in at 69.8% of the trading. There were1,182,441 short out of 1,693,577 trades tallied at the end of the day. MMs are grabbing and selling shares from somewhere the sun doesn’t shine! Lol
Looks to me like very few longs are actually selling, but someone is snatching up these shares being put up on the market by MMs.
Day of reckoning for MMs is rapidly approaching.
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