My standing order, Needs that positive top resistance breakout. And it has the lowest daily short sale volume of the 4 pot stocks I was interested in. AEGY 24% DEWM is next with 26%.
Failure to deliver after a trading day, can help determine M&M squeeze in a popular OTC stock. If the trend is low, M&Ms are more likely to allow new runs.
TTDZ & FITZ are at 47% naked short. Doubted they would run till M&Ms cleaned up some old nakedness. Worked on FITX, but TTDZ is running SO FAR. Watch how big that upper exhaustion candle tail is at EOD.
Just something else I look at sometimes, when dealing with popular HOT OTC sector choices. How naked are the M&Ms. If their in trouble with fail to deliver, now days REGSHO fines. It may scare them a little and they may fight any darkside attempt to run it and stall or retrace new pops.
Remember only they can evaluated arbitrage (if their playing front trading) and trading fee gains vs. fail to deliver fines. So high could still be let go if the balance of win/loss is still in the M&M favor to let it go. Over all daily volume strong causes increased trade fees. Some times enough to cover fines. We never know. But adds comfort with low short volume averages.
Gives comfort to choices more the a trading rule. I say anything under 25% is safe for a run. Over may see a M&M fight to stop run. The key word there is may.
Who knows what evil lurks in the hearts of men. Only the Shadow knows.