Fuse Science Inc (DROP)

[budmgd]

Another heavy day of short selling although it was less than yesterday. Unfortunately looks like patience is going to be the key here. You can look back at the chart starting the first of July, combined with the lack of any material news, and deduce that short sellers saw blood in the water. The stock has fallen 60% since July 1 seemingly without anything material happenings to substantiate. The prospects of positive news with the cc slowed the fall and also the short sellers. However, with not much to report, they continue to take it down the last few days. It appears to me that a bottom is forming around the 10-11 area as we have held it four times. If this holds, my guess is shorters will lose interest and we can begin with the uptrend. See short report below. Stay strong because shorts will eventually have to cover once we see a change in momentum!! All IMVHO of course.

http://otcshortreport.com/

http://stockcharts.com/h-sc/ui?s=DROP&p=D&b=5&g=0&id=p98784011242&a=274146082&listNum=1