Replies to post #54842 on Exxe Group Inc (AXXA)

[Bolando]

Yesterday's volume was most likely short covering 10 million and 22 million new added shorts.

Only 44 million shares traded hands so potentially 14 million buys.

If larger groups were buying it would have happened today in my opinion not a sell of of a million shares in the first hour of trading bringing it down to .0044.

The large buys afterwards were most likely short coverings from yesterday with 50-60% profits in a day.

Shorts don't double down if they are worried about a SHORT SQUEEZE and the best opportunity to have a short squeeze was the 14-16th day of the symbol change when the market makers had to cover.

However- the shares dropped from a dime to .0164 in those 3 days.

My experience with this stock is there aren't enough buyers to squeeze the shorts and that's been the shorts experience too.

That's why they keep doing it.

[Ivegotanace2]

I might average down. Definitely will be watching...