How it works...FYI...For anyone interested in the movement of Snipp stock in a short term time scale.
This is the same pattern that has continued for a very long time...There is a bit of lag because the numbers only get updated every 2 weeks. So you can't see exactly when the position is put on immediately but the pattern is the same.
Just keep checking the short interest on the pink sheets @ OTCmarkets.com. Click on security details to see it. When it rises like it did (jumped almost 10,000%) as of December 30, the stock is going nowhere unless volume kicks up a few notches from an important news release or other market moving event causing them to cover their position. Anything over a 200% jump over the last couple years has halted the stock in its tracks everytime. And if the short interest rises from there over the next report, the stock is going down. It's a coordinated effort by some and it's very powerful in controlling the price. I use it loosely to buy the dips.
Just one of many reasons it will be a Great Day once this stock is off of these horrible exchanges.