Eat My Shorts
The Short position has been posted. Still 1/2 million shares shorted. I sure wouldn't want to be holding a short position on MMTI. One NR and you'll lose your shirt. Could you imagine trying to cover at $5, $6, or $7. This is a perfect set up for a huge move. These shorts are going to fry, especially with so little volume these days. Remember, these shorts have to buy-in to cover. If they buy now they will force the SP up. They could wait and take a chance that the SP will fall to cover. But that is a dangerous game that they are playing. The wild card for me is, in whose hands are these shares in? The MM's or retail? If the shorts are MM's, MMTI will mysteriously take a quick nose dive to allow them to cover. If it is retail, we will blast off like you wouldn't believe as the shorts try to cover.
Cheers
Chester
| MICROMEM TECH INC (MMTIF) | OTC Type: OTCBB |
Short Interest for April 15 2008
| Short
Interest | Percent
Change | Average Daily
Share Volume | Days to
Cover | | 512,569 | (9.66) | 321,616 | 1.59 | |
|