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Wednesday, March 19, 2014 1:59:26 PM
From the looks of it, there was a mini squeeze here last Friday aft which prob had something to do with the new Finra Borrow Rule 4340, which went into effect Monday -
Most of that was prob NSS (illegals) - the 66mill shown in the short report are legit and legal shorts - some of that may have gotten spooked on Friday also but I doubt much going by the renewed short sell pressure here this week -
When the pps never made it past the .004 resistance Monday morn, it looks like the legit short stepped back on it at .004 and through today are still trying to pound it down -
I watched the tape here Mon morn and saw the blocker they put up at .004, then the same yesterday morn and aft - and more of the same today - imo
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