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saladbar

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saladbar

Re: None

Thursday, 01/02/2014 10:43:47 AM

Thursday, January 02, 2014 10:43:47 AM

Post# of 14699
As of two days ago...

The shorts began to show weakness. See message from Tuesday below...

For heavily shorted stocks, there is a turning point that occurs. Usually it is a series of a few days where:

1. The stock price idles.
2. The bid & ask stays slightly higher than the latest share price consistently throughout the day.
3. When the share price jumps back in line with the bid/ask, small purchases are made at a price slightly lower than the bid in a few last ditch efforts to entice further action in the stock.

The indication being that the shorts have squeezed all that they can from the targeted stock. Today (Tuesday) was a classic example. Bought another 2M shares.

Tuesday was a turning point for this stock. NOW is the time to grow a pair, get in and hang on for the long haul.
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