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User-840664

03/24/24 1:47 PM

#680983 RE: skitahoe #680981

"""I have no idea"""

You should have stopped right there!!!!

sukus

03/24/24 1:51 PM

#680984 RE: skitahoe #680981

When no one is selling, they then have to increase the price Gary. That is what I know so far. But I don't know if they can trade between themselves to give illusions somebody is selling and the price reaches ridiculously low every day. I know someone who worked for 3 decades in the stock market disagreed with me. But who knows. Spoofing was illegal before. But now seems it is common practice adopted by 7 market makers against a small tiny company. Why they spoofed a small kid? If these market makers are gentlemen, they should spoof those bigger companies like Nvidia or Tesla? If their active managers want to spoof Microsoft because they think Microsoft stock price is too high, then by all means go for it. All imo.

Chiugray

03/24/24 2:25 PM

#680988 RE: skitahoe #680981

Skitahoe, I think the key is whether on a net basis, the Shorts can cover. Let me use this to explain how I am seeing this. Straw man numbers below, just to show how I am thinking why Shorts cannot cover without blowing themselves up, if it happened today.

1. 50M shares (cum 50M), $0.50: Traders and weak holders are bought out. Maybe a bear raid. Shorts and Retail longs compete to buy. Start to end, price is back to where it started.
2. 50M shares (cum 100M), $2: Holders with no sense of NWBO intrinsic value willing to sell here. To net buy/cover, Shorts stop their daily naked shorting. Shorts and Retail longs compete to buy. Price rises steadily, early sense of FOMO.
3. 100M shares (cum 200M), $5: Holders who bought into FUD, think $3 is FMV, so selling at $5. Broad set of buyers come in and compete to buy these shares. Anticipate uplisting soon. Recent price action (10X) creates sense of next major move up.
4. 100M shares (cum 300), $10: Only true longs left. Holders who believe in MHRA approval but willing to settle, maybe trade. At $5, uplisted and institutional buying has started, quick runup.

If the below 2B shares shorted really is the case, there is so much more to go. Might as well just say let the short squeeze starts after step 2, skip step 3, and continue up from there. But to be clear, I do not think that is the case because the Shorts do not want to trigger a short squeeze. That is why they do not or cannot cover and why they have to continue shorting.

Many think that there’s a sizable naked short position in NWBO with one lawyer familiar with the case saying that it could be as large as 2 billion shares. If so the spoofing must continue because if the market was allowed to do proper price discovery an enormous short squeeze would occur probably bankrupting the market makers and their clients. This has the potential to rival the Gamestop short squeeze.

https://bamboolounge.substack.com/p/update-the-spoofing-grift-on-wall
Bullish
Bullish