Very well said. I said a few things similar to what you said a long time ago on another board. All the new traders laughed at me. One person on any board screams "burn shorty burn" and they all join in not knowing a hill of beans what they are talking about. If I had a dollar for every time I heard that this stock or any other penny will be the granddaddy of all short squeezes then I wouldn't need to trade anymore. 99% of these traders have no idea what it takes to be able to short pennies
You are correct, retail is not shorting here it is institutional investment groups such as NITE and SUNR that are.....NITE alone does about 20 million dollars in trades a day, so they are certainly able to short penny stocks..... http://www.otcqx.com/qx/market/marketMaker Knight Execution & Clearing Services LLC $7,805,593 Today was a slower day for NITE only $8 million in volume not bad....
As an aside note, those shorts are usually not posted till about 6:00 pm EST time. Those figures show selling and covering, and have been quite accurate in the past..........
Much of the run today was mm's buying from themselves, I was watching L2 carefully..............
Great post Jorge. I see alot of "newbie" questions/comments here on this board. Most of the time it's from those who have the time to constantly post. Thanks to you for hopefully once and for all straightening out the newbie statements about the shorting.