The reason I recommended INAR, was that the stock had come down from the "Price Pivot High" of 0.0018, that was set on May 2nd, to the low of 0.0001.
> 1. It came down in a "5-Wave sequence".
> 2. There was an open "Gap" at 0.0008, that I knew would get filled.
> 3. The "Short Volume" of 101,000 on June 22nd had come down dramatically, from the June 19th volume of 21,705,332. This big decrease in the "Short Volume", was an indication to me, that combined with the other two indicators, a Big increase in "Short Volume" would now follow.
A Big decrease in "Short Volume", will often times set-up the possibility for a "Short Squeeze".
A "Short Squeeze" happens, when the "Shorts" try to Buy Back the shares they had borrowed to Sell the stock short at the stocks High, at the now Lower price levels, but can't because favorable NEWS has now sparked a Buying frenzy, and the stocks price is rising. Shorts lose their profits when the stock price rises.
This frantic Buying,causes the stock to rise very quickly, and the shorts are now squeezed.
Historical Shorting
Date ShortVol RegularVol
Jun 29 20,302,411 45,718,225 Jun 28....19,861,668 57,932,726 Jun 27.........8,700 4,812,966 Jun 26.......500,000 3,943,000
Jun 22101,000 2,120,998
Jun 21.....1,000,000 7,163,000 Jun 20.....2,736,333 17,384,429