Pervasip Corp (PVSP)

[Bjones2]

Yep, only 13% Short Today, Covering Day

Told you all that they were out to cover those 6.8 million shares that were shorted yesterday that held the run to only 30% on 16.6 Million total shares traded. Without the MM SHORTING the ASK the stock would have been up 100% or more.

Today we see the MM looking to Cover yesterdays Shorts all 6.8 million shares and they probably did it today for the most part only ending up with 1.3 million short today.

Anytime we have a large number of shares SHORTED on a particular day, the following days are usually lightly shorted as they spend their time covering positions and only short lightly to get the downside going.

They sold lot of shares by shorting yesterday in that run up, mostly in the .39 to .42 range and they then take that cash and use it to buy back the shares they are short the next day, as they must have dumped what another 50 or more 10,000 share trades, $36 total per trade to the BID. Normal traders or investors don't play that game, but MM don't have to worry about that.