GNCC Capital Inc (GNCP)

[ospreyeye]

GNCP: In order to have a squeeze you have to people hitting the ASK.....if the 6's got hit & taken out after the PR the shorts would have been in trouble......as the share price was rising they would have been forced to cover......that would have created the short squeeze.......the combination of bears covering and bulls hitting the ASK creates the classic "Squeeze".......since the Bulls got chicken....& failed to smack the ASK the bears quickly attacked.......as the price pulled back the BID whacking began.......since Bears make money covering lower, filing orders on the BID instead of the ASK allowed the Bears to cover w/out creating a squeeze........BID whacking is how the Bears make money.......orders filled on the BID are essentially covering short positions for a profit........a short position loses money as the share price is rising......there are strict margin requirements.......most will only allow a certain % of losses before Margin requirements force the Bears to cover higher.......this is where bears get into trouble......remember the Market Maker WDCO for APS?........they went BK because of a short squeeze........MM's do risk losing huge is they are short and a squeeze happens......this is why you see huge walls put up......they want to encourage buying on the BID.......ASK Slapping is a Bears worst nightmare.......to make a long story short, GNCP bears were able to cover on the BID instead of the ASK......that's why there was no squeeze.........$$$