BlockchainK2 Corp. V.BITK

early L2

[woundedknee]

This is different. Maybe something is up. Bid .38x 28000   Ask .38 x 20828

There's that odd lot tucked right on the end again lol

[woundedknee]

Now there's what I call manipulation. We get to 40 cents and out of the blue two low ball 500 share asks. One at .385 and one at .39 Very obvious.

[enlcan]

My opinion is the manipulators are about out of tricks and they know it. If there a big announcement they will be caught and the squeeze will be on. 

[rixpix]

Enlcan You have to stop using "shorts" and squeezed as a reason/excuse for the SP dropping. In case you're not aware, the most shares BITK has been short was 59K shares on Jan. 31st. And now as of the 15th Sept, there was a meazly 4900 shares shorted. This minimal amount of shares can never manipulate a stock, even Jan's high had no relevance.  If the stock doubles from

[MustangSalley]

Ripix, For a so called seasoned investor ,  the short position you see is not real.   Market makers are also the people involved shorting through their proxies ,  their position is held in a black pool . They move it every 5 days between accounts so it does not show up officially . MS

[rixpix]

MS Whether they move it every 5 days or every 5 hours, shorts have to be reported every 15 days. So theoretically one million shares can be shorted one day, covered the next day or 2, and it wouldn't show in the short report. That doesn't change the fact that only 4900 shares were showing as shorted Sept 15th.

[MustangSalley]

What don't you understand?  The short report is not reflective . MM have a discretion and they play by different rules. When they shorted Sva from 2.80 to 1.20 from January to March the short position again was not reflective of over 10 million shares that was covered by the bought deal. This is way above your head to understand . Now tell me why the sp is going up on good volume

[rixpix]

MS SVA was shorted and its all there, all documented. 307,852 shares shorted Jan 31st,  another 2,105,386 shares shorted Feb 15th And another 1,369,598 shorted Feb 28th. Total SVA Shares reported short Feb 28th was 4,218,838. As for BITK makes no sense for anyone to short a 40 cents stock so having only 4900 shares shorted is nothing and makes perfect sense. Why did it go up today??? Check

[woundedknee]

Actually rixpix, they didn't short a 40 cent stock. They shorted a 2.30 cent stock to 30 cents. imo

[rixpix]

I think you misunderstood, WK.  My argument has been the stock was halved from 60 cents to .30 for no good reason. I had also mentioned that BITK was down almost 90% from its all time high. All the while the short position has been low throughout this slide. And i posted the highest and lowest short position in a previous post. Have a nice weekend!