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Mr Wizard a1a

11/22/09 1:35 PM

#56838 RE: Chunky Munky #56836

Explain the mechanics of this shorting please. Does that mean there is a ton to be made shorting .0135 anticipating the double and trip zeroes to follow?
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ctp93

11/22/09 2:48 PM

#56842 RE: Chunky Munky #56836

In order for that to be true, there would have to be plenty of available shares to short, and there isn't.

Aside from that, if there WAS any to short, you'd have to cover a boat load from .02 to make any significant money, and the daily volume doesn't support that as happening.
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k9painter

11/22/09 6:27 PM

#56844 RE: Chunky Munky #56836

if it was shorted, the buying pressure doesnt indicate that they have covered! i dont think we have a very large short position, but that is just my opinion. now if someone shorted it from .15 and started covering at .015 up to .025 that could be!
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Tadaaa

11/22/09 6:32 PM

#56845 RE: Chunky Munky #56836

.01 is their target...JMHO....eom