Replies to post #23488 on Extreme Motorsports of California (EMOC)

[ickyy]

i would have to say from watching l2...they are not even close to being covered

[luvtradin1]

Miagi, not a chance that they covered, imo

for the following reasons:

1. they are too arrogant and think they can just about do whatever they want, unfortunately for them Alan changed the rules here by applying a set of laws that can actually be enforced, not like the securities laws which are ignored,

2. they were desperate today to keep it down, it was too obvious to anyone who can read level 2 signals, they did anything they could to hold it back all afternoon,

3. they stopped shorting, which is what they have been doing all along and now it seems that they are just trying to control the ascent slowly so that they can manipulate people into buying slightly higher and then take it down to cover on the sales that invariably develop from that strategy, the only problem is they are afraid to let it go right now because so many people are watching this on the sidelines who will all jump in and run it up too fast for them to control,

all my opinions as always,

LT

[bearclaw51]

Miagi...They may very well have covered the bulk of the shorts that they purchased at .0008 average as reported..The covering would have been at at .0005, .0006, and .0007 over the past week or so...The key is to hold .0008 on the bid to then move to the next resistance point...If we get enough interest and volume it could squeeze...This is the key now...Input of new money...