RE:Wow this is falling fastsonofVPO wrote: Not bouncing back like before :(
In the best scenario, this stock COULD explode soon enough and here's the reason why...
Right now there is a tremendous amount of short positions. Somewhere around 5% of the float. Market makers are manipulating asks and bids like crazy. As they are supressing the price with big asks, this prompts shorts to set their positions because the price is going down (shorts aren't as smart as you might think) which is a good way to lure them in. We saw today that we hit a low of 0.36, but then rebounded back to 0.385 which creates anticipation for shorts. They have their bids down in low 30s and are hungry. However, if the price is manipulated to a certain degree where it lingers around the fine line, then once news release hits, manipulation will start on the buy side, buyers will come in, and shorts will have to cover which would sky rocket the price. These short squeezes are common and market makers love to play them out. All of this could play out soon, as long as we get that news release that we have been waiting for!!!
Short positions as of March 31st... Updated today!!
