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matt24d

04/13/12 12:07 PM

#201164 RE: NHNMx #201163

GTXI is getting taken down on purpose that short is WAY to big for such a small float. These MM's are under water and they need to try and cover before they get completely screwed with a short squeeze. With that many shares short they have to try every game in the book before this starts to fill that gap. The MM's are without a doubt trying to take out stops here. I am holding my shares and will let them do their thing.
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matt24d

04/13/12 12:11 PM

#201165 RE: NHNMx #201163

Look at this short interest. Its more then 10% of the float that is short. That is huge number these market makers dipped their hands way to far into the cookie jar. Plus watch the L2 action they are taking it down on 1-200 shares orders and then we see a nice 3-4K shares hit the ask. This is shorts trying to cover, no doubt about it.

http://www.nasdaq.com/symbol/gtxi/short-interest