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Friday, January 17, 2014 5:49:02 PM
how many shares do you hold? If you think your point is true you should have bought that 10m ask and pushed through. Let everyone follow you up. It would only cost you what 200k? Or put another way 1/5th of the total trading volume. Maybe if you pooled everybody here you could get that kind of buying power. But, there are 20 pot stocks, and each are riding the same way. So the resources to break through that wall are spread pretty thing anyways.
500+ millions shares traded in FITX last week and the stock didn't break 0.032 so at today's volume it is doubtful there would have been much of a more upside. I am pretty sure there would have just been another weighty ask above yours anyways. And a better question is if 500 million shares traded can only get 30% over today 40 million... what would an extra push from you do?
The MMs hold a few hundred million at least. I watched CDEL, ATDF, and others dump high and then buy back 10's of millions of shares in small 50 and 100k blocks.
And there is a reserve of a few billion coming on the market in a few months so unless you break through the short now...
The short volume yesterday was 30%. And the days to cover is still 1.0. And it has been 1.0 since this rally began so there probably won't be any squeeze. In order to be a squeeze that 1.0 has to go up over a few days.
The shorts seem to cover by 11am and then just wait... just like that article stated.
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