GREY:SXRZF - Post by User
Comment by
tillbillyon Nov 30, 2010 2:11pm
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Post# 17778091
RE: what an obvious manipulation!
RE: what an obvious manipulation!They will take us wherever they want as long as they control the shares.
If Lou was correct about 34 million shares short (last week) I'm guessing there is still 5-7 million short today. (I have no science to support this I am only going by Fri-Mon-today volume). If I'm correct there will be one more day of explosive voatility to capitalize on. Bottom line.
I buy when I see a bounce and I sell when I see a stall. I have no fear of the sell-off drops because I firmly believe this SP will be around the 6$ mark on the 8th of Dec.There is no fear of a run away as long as the shorts are trying to get out. They will simply knock it down to a support level and begin covering again.
The long fund market is not stepping in to lift the share price but have chosen to buy the support levels....for now.
They know the shorts will come to them. Once the shorts are covered any long fund will have to pay up if they have not filled what they desire. This is the opposite of what LouE...and others...includeing me thought would happen.
There may be a squeeze on the 7th but I doubt it.
Happy trading...this is perfect