Yes MMs cover most of the times:Example of a stock when MMs cover, below.Like I said true Lions of PLNI=Shorted heavily.168 million shares from 74 million in November:WOW. Do MMs cover positions?Yes they do true lions of PLNI.Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
When Takis????When ever they decide it is time.
But when one starts to cover,the others are no fools take notice,and when at the same time a smart Day trader smells that,ahhhhhhh ohhhhhhhhh, he or she gives Buy orders,and hell brakes loose.MMs try to front run the day trader,drive the price thru the roof in hopes that the day trader or investors will buy at higher prices.LOL.MMs you can not fool a good trader.LOL.Check the stock below how the short covers,and all of them go at it=Cover the same time, along with buyers,and price rocks huge time.
Several times the stock below was covered,and in particular last friday to bring you an fresh example.
ADXL run Friday from low of .027 to .08 in no time.Why?
It happend exactly what I have on the above.BTW this stock has made 3 over 100% runs in just two months.Look bold below.
ADXL open high low close change volume
02/03/06 0.0270 0.0800 0.0270 0.0600 +0.0300 1,025,890
02/02/06 0.0300 0.0300 0.0300 0.0300 +0.0020 85,965
02/01/06 0.0300 0.0300 0.0280 0.0280 -0.0020 113,333
01/31/06 0.0300 0.0300 0.0270 0.0300 +0.0010 512,100
01/30/06 0.0290 0.0290 0.0270 0.0290 +0.0000 24,892
01/27/06 0.0350 0.0350 0.0270 0.0290 +0.0020 34,174
01/26/06 0.0270 0.0280 0.0270 0.0270 -0.0080 24,500
01/25/06 0.0350 0.0350 0.0250 0.0350 +0.0025 105,354
01/24/06 0.0000 0.0350 0.0300 0.0325 -0.0015 0
01/23/06 0.0325 0.0350 0.0325 0.0340 -0.0010 20,042
01/20/06 0.0325 0.0400 0.0325 0.0350 +0.0000 305,000
01/19/06 0.0425 0.0425 0.0325 0.0350 -0.0050 294,450
01/18/06 0.0400 0.0425 0.0400 0.0400 +0.0075 23,700
01/17/06 0.0325 0.0400 0.0325 0.0325 -0.0025 163,645
01/13/06 0.0325 0.0350 0.0325 0.0350 +0.0000 6,000
01/12/06 0.0450 0.0450 0.0320 0.0350 -0.0100 455,871
01/11/06 0.0400 0.0450 0.0320 0.0450 +0.0050 138,500
01/10/06 0.0350 0.0450 0.0250 0.0400 +0.0025 623,681
01/09/06 0.0450 0.0600 0.0375 0.0375 -0.0145 81,481
01/06/06 0.0600 0.0600 0.0450 0.0520 -0.0030 449,346
01/05/06 0.0700 0.0750 0.0550 0.0550 -0.0150 98,000
01/04/06 0.0700 0.1100 0.0700 0.0700 +0.0000 254,220
01/03/06 0.0800 0.1000 0.0700 0.0700 +0.0100 57,500
ADXL open high low close change volume
12/30/05 0.0950 0.0950 0.0600 0.0600 -0.0300 33,725
12/29/05 0.0500 0.1100 0.0500 0.0900 +0.0450 201,266
12/28/05 0.0500 0.0600 0.0400 0.0450 -0.0050 15,963
12/27/05 0.0400 0.0500 0.0400 0.0500 +0.0100 134,600
12/23/05 0.0400 0.0500 0.0400 0.0400 -0.0050 7,250
12/22/05 0.0600 0.0600 0.0400 0.0450 +0.0050 23,600
12/21/05 0.0500 0.0500 0.0400 0.0400 -0.0100 18,842
12/20/05 0.0500 0.0600 0.0500 0.0500 +0.0050 32,025
12/19/05 0.0400 0.0450 0.0400 0.0450 -0.0050 2,280
12/16/05 0.0000 0.0600 0.0400 0.0500 +0.0050 0
12/15/05 0.0400 0.0470 0.0400 0.0450 +0.0050 11,504
12/14/05 0.0400 0.0400 0.0400 0.0400 -0.0050 300
12/13/05 0.0400 0.0450 0.0400 0.0450 +0.0050 20,000
12/12/05 0.0450 0.0450 0.0400 0.0400 +0.0000 1,000
12/09/05 0.0400 0.0450 0.0400 0.0400 -0.0100 4,500
12/08/05 0.0000 0.0600 0.0400 0.0500 -0.0100 0
12/07/05 0.0500 0.0600 0.0500 0.0600 +0.0100 21,982
12/06/05 0.0650 0.0650 0.0500 0.0500 -0.0150 7,976
12/05/05 0.0700 0.0700 0.0650 0.0650 -0.0050 6,846
12/02/05 0.0650 0.0850 0.0500 0.0700 +0.0050 281,620
12/01/05 0.0450 0.0650 0.0450 0.0650 +0.0200 1,025
11/30/05 0.0450 0.0450 0.0450 0.0450 +0.0000 5,421
11/29/05 0.0450 0.0450 0.0450 0.0450 +0.0000 2,470
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