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One23go

08/07/10 8:32 AM

#8040 RE: ImOnABoat #8039


Hi,

The price fall of August 6, 2100 was due to shorting and not selling. The company is not dumping shares.

On August 6, 2100 we had :
- day volume: 16 M
- shorted shares: 10 M!!!

Source: http://regsho.finra.org/FORFshvol20100806.txt

A stock can not move up if 2/3 of the day volume is shorted!

We have some weeks to go before production starts. Before CWRN will release they got the expl. permits! I wonder when the shorties will start to cover?

HT