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takeachanceagain

03/24/10 11:31 AM

#12119 RE: smokestack #12118

Bowbender very very interesting but if this is the case why not $2 were its expected to go and does this mean were ocked in and coud not sell at say 1.16 ?
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investor_2009

03/24/10 11:59 AM

#12124 RE: smokestack #12118

bowbender - i doubt that there are many shorters in this stock now. Most must have covered by now. The reason why you saw that huge spurt from 1 to 1.6 was due to short coverings. Since then shortes have have thousands of chances to cover what they shorted at $1+ levels. Right now, this stock is not down because of shorters, but simply because the panic they created has lasted so long. With the absence of any sales figures, or real reliable data, the market for this stock is non existent, right now.
Let's not blame the shortes this time arount unless you can post the massive shorting going on, right here.