Replies to post #29662 on Skybridge Tech Group (SKGO)

[tedgoeseast]

what happens when a stock is shorted

[e-z-money]

I believe that's what's going on, we need good juicy news and this one will fly, MM's are crooks they know how to shake weak hands, I'm in for a long haul not one day flip for me, that's the problem with the I hub investors, if they don't get 100% on reverse merger news in 5 minutes they'll sell and bidwhack that's what happened today

[buildingci1]

moneybuilder102...exactly, and they could get crushed in a hurry!

[Dizzle_]

Very nice chart, only up from here.

[OTCPennyTrader]

MUST READ ABOUT SKGO:

SKGO Shorted Share count for yesterday (in bold):
SKGO|39,513,628|193,777,375|O

Now, we know today that there was 131 million in buys and 60 million in sells...

Consider this:

A. 60 million volume in sells - 40 million shorted = 20 million that was truly dumped.

(131 million bought, and 20 million dumped)

Also, notice the 50ma and the 200ma. They are about to cross again. Last time they crossed, SKGO ran to .009. refer to the chart below:



Conclusion:

SKGO WAS FORCED DOWN YESTERDAY TO .0008 BY SOMEONE WHO SHORTED 40 MILLION SHARES TO TAKE IT DOWN AND NOT LET IT PASS .0012. WHOEVER SHORTED THESE 40 MILLION SHARES (OR MARET MAKERS) MUST COVER THEIR POSITION, SO WE WILL SEE A LOT OF BUYING PRESSURE VERY SOON. THE RUN IS JUST BEGINNING. THOSE WHO ARE IN FOR THE LONG HAUL WILL BE REWARDED!