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Re: 1LL_W1LL post# 11732

Wednesday, 05/29/2013 9:51:57 AM

Wednesday, May 29, 2013 9:51:57 AM

Post# of 57612
It may have been a combination of retail shorting and naked shorting by the MMs. The MMs were selling short as it went up in the morning and kept doing so as the PPS rose so they could increase their cost basis. Then they rode the PPS down on a tight L2 to trigger a sell off and to close the gap. At the bottom they may have recovered their shares, at least in theory that is what they do, but if no one sells to them they're kind of screwed and have to hit the ask. I wouldn't be surprised if they gapped up just to engage in these antics yesterday.

I knew I should've sold into the bid at .1575 yesterday but I didn't want to take the risk of being left in the dust: EDXC has much more in store for us than a 2 cent flip. And bid-whacking is not my style, nor most of our longs here.

Almost a million shares shorted today? I don't think there was much DD done before these shorts jumped aboard. If $EDXC investors don't let any games or bashing that may follow scare them, then this could get interesting very quickly