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desertwolf01

04/13/10 2:56 AM

#6240 RE: KptKoolade #6228

This means we where shorted and more criminla naked shorted, from a free float of approx. 160 million shares, we are shorted for approx 70 million ! Well lets predict a bit less, but at least for 50 million shares. Who ever did this is an i... because to short a triple zero stock is suicide ! Bute whatever, he has to pay for this, probably not by law, as the sec is a bunch of funny people, but by his pocket. So a lot of this shares are overdue for delivery and if no one sellt to this guys, they have a serious problem, as you can expect , if they cover that the share price will have to at least move towards 0.007. So expect some serious covering within some time or a legal actionw ithin the next weeks, if the sec does not sleep completely. So everyone who sells underneath 0.007 at least is somehow at the wrong place. Imagine someone needs to cover at least 20 to 40 million in very shor time and then think what that means for the share price ! So yesterday with this slow moment, it might have been the case, that they tried to cover, but could not and tried to walk the price down, which did not happen, so hold all tight, best put sell orders in above 0.01 or higher, that will make them even more serious problems !!!! Have fun, will be interesting to wathc the next days, said so holding approx. 1 - 2 % of the free float :-) That where and are the days i am waiting for at least for the last 20 month ! Invested long term ! If they now find a solution for the float, then bummmmm, it would be a very best step by them cutting somehow the OS of 2 billion although only 160 million are free float, if they would do something to bring it down to 600 million, then this would hit the shorters right into the face, but i doubt, that they are aware of what they could do to them, management side.
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Biochemist2002

04/13/10 8:28 AM

#6242 RE: KptKoolade #6228

Some bullish investors see a high short interest as an opportunity. This outlook is based on the short-interest theory. The rationale is, if you are short selling a stock and the stock keeps rising rather than falling, you'll most likely want to get out before you lose your shirt. A short squeeze occurs when short sellers are scrambling to replace their borrowed stock thereby increasing demand and decreasing supply, forcing prices up. Short squeezes tend to occur more often in smaller cap stocks, which have a very small float (supply), but large caps are certainly not immune from this situation.

If a stock has a high short interest, short positions may be forced to liquidate and cover their position by purchasing the stock. If a short squeeze occurs and enough short sellers buy back the stock, the price could go even higher. Unfortunately, however, this is a very difficult phenomenon to predict.

www.investopedia.com/articles/01/082201.asp