Replies to post #1377 on China Industrial Group, INC (CIND)

[Impact625]

i don't know, but more than 50% buying and selling between MMs IMO, the pps only drops 20% which is a good indicator that MMs don't have much inventory, otherwise they sure have power to drive it down 50% or more if they have lots of shares to sell, if they set the bid too low, they have two risks

1: they are also afraid of losing cheap shares to investors, meaning they will have loss after they possibly have to buy back some shares at higher pps to maintain certain inventory ratio

2: they already don't have enough shares, they don't want to lose more shares otherwise they can't manipulate the pps between 0.03-0.06

short interest for today:

20100503|CIND|89350|516887|O

Not high, no more than 20%, have two meanings:

1: not many shares available to borrow in the market

2: it implies MMs are afraid of short squeeze scenario caused by sudden buying pressure