RE:RE:level 2DrillMonkey wrote: The shorts are backed into a corner now at $2.00 ... If they drive it below $2.00 then they risk digging their hole deeper as more longs add and the company is de-risked. This means more to cover and fewer shares available to cover with! ... With half the volume trading on alternate exchanges, algo trading, and lack of transparency across all markets, It's impossible to conclude anything. That being said, it wouldn't surprise me if the shorts are trying to quietly cover right now.
2bmb wrote: Knocking on that $2 price. With news being so close it makes me wonder why ?
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| PROMETIC LIFE J (CA: PLI) |
| Last: | 2.01 | | Change: | -0.04  | | Volume: | 404,355 | | Last Trade: | 15:28 |
| Level ll Quote | | Bid | | Ask | | Price | Total Size | # of Orders | | Price | Total Size | # of Orders | | $2.00 | 1215 | 58 | | $2.01 | 143 | 12 | | $1.99 | 825 | 24 | | $2.02 | 813 | 18 | | $1.98 | 1299 | 23 | | $2.03 | 432 | 21 | | $1.97 | 253 | 11 | | $2.04 | 342 | 21 | | $1.96 | 481 | 9 | | $2.05 | 581 | 24 | | $1.95 | 385 | 10 | | $2.06 | 776 | 14 | | $1.94 | 58 | 5 | | $2.07 | 272 | 8 | | $1.93 | 128 | 5 | | $2.08 | 172 | 6 | | $1.92 | 239 | 5 | | $2.09 | 400 | 8 | | $1.91 | 45 | 1 | | $2.10 | 157 | 1
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Trying to quietly cover? LOL DrillMonkey or what ever handle you're using, you crack me up. 400K shares traded, oh ya definitely doing it quietly. Shhh!! You guys all think the shorts are going to get squeezed and it's hilarious. This decision on June 5th means nothing thanks to PL constantly running his mouth. The market expects to get priority review, but if we don't, look out below!! If we do get it, it will be the same as always. Small run from $2, a bunch of new bag holders will buy in on the fake out and we'll be back to $2 in less than 10 trading days. Feel free to quote me on this 10 days after June 5th.
TIA for one star