About 47 million T-trades at .0011 bringing the total at around 122 million T-trades so far.
T-trades seem to be going off at the retail price.
todays short %
20100401|PIHN|88401634|253419166| about 34% potential unlocated shares, so look like MM' working hard to locate shares on this much volume.
If company was diluting using T-trades it is my understanding that MM's don't let them dilute at retail. They always want to get them cheaper to insure they make money inventorying those shares, so I don't think MM is buying from the company.
I think one MM in paricular is buying from another MM and the selling MM knows the have them buy the balls and is selling to them at retail. The buying MM is trying to walk this down to get a better price from the selling MM. The selling MM is not fighting them and actually helping them walk it down a little just to keep the digging a deeper hole and inventory at retail prices.
The buying MM will now have a huge inventory at retail and will have to walk it up at some point to unload that inventory at profit or break even. Today was the hight T-trade count since the started the T-trades, this means I think they can no longer hold it back.
The selling MM still has an actual inventory and knows that at some point the buying MM has to let this baby run and they will make bank on that run. The run will be made stonger by that buy MM having an actual inventory that they now need to make a profit on.
I just don't buy the dilution theory, companies from what I understand do not get retail prices for their dilution no matter how they dilute.
I think we are caught in a battle between two MM's and one of them is extremely short and the other is not. Looks like payback to me.
Just look at the charts again proir to the news, weaks of accumulation and holding
But what do I know, I only have 9 fingers and so I need to take a shoe off to count to ten...LOL
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