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foxwoodsfan

03/27/12 8:07 AM

#83402 RE: TerribleTwit #83401

I must disagree, I don't think it was a sell off but rather a timed bear raid by the shorts to try and drive the PPS down to a range where they could start covering the massive open short positions. Steady 1.5MM daily volume at the .015 range over the past few months would indicate slow methodical covering, close to 100MM shares. There are probably many shorts still in denial and have failed to cover. I feel that there is a strong short squeeze potential here.