The OTCShortreport shows short selling on Friday was 39.21%. Fairly normal, and rather high. There is no doubt short sellers influence price. And, market makers tend to be big player short sellers. Lots of manipulation can occur with coordinated MM activities.
To eventhelosers points: I believe market makers, and professional traders have a much greater impact on day to day prices than do retail traders. I could be wrong, but I do not think it coincidental that resistance is at $2. And, while some of the reason is $2 is a round number, $2 is also a significant milestone for companies looking to up list. Many market makers are doing quite well with the influence they have on trading as long as CTIX remains a bulletin board stock. Market Makers do well with the spreads, which tend to be large with CTIX, with the ranged volatility and the ability to trade within and outside the spread (not usually afforded to retail traders), with the low friction costs which allow MM's to trade frequently and even in very small lots, and the ability to short (also not available to many retail traders). The situation becomes worse if you believe it possible for MM's to coordinate their activities. Call me a skeptic, I believe this to happen.
On Friday there was large block selling and 39.21% shorting. Yet CTIX held strong. I see strength in this. There is strong demand.
The market is stronger than even the MM's and professional traders. They can have their way for quite some time. The playing field is designed by them to favor them. But, the market can not be denied. This is one reason, I do not let unfair advantages of some discourage me. When the market has its say, I expect the tortoise to change into the hare.
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