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jason90

05/21/12 2:28 PM

#7692 RE: PhilCheeze #7691

When a company reduces shares like GEAR has, it can catch the shorts off guard and create a short squeze as they have less shares to cover with. If you look at http://otcshortreport.com/GEAR.PK The short volume has been on a certain average, but with the recent share reduction and volume increase the shorts could not increase their position as there is lack of shares to short against, creating a short squeeze.

All imo,
Jason