OTCPK:JENGQ - Post by User
Comment by
Franchuttoon Dec 19, 2017 2:53pm
209 Views
Post# 27189397
RE:RE:RE:Cross-trade
RE:RE:RE:Cross-tradeYes I agree, good sport, I pulled a few ugly ones along the way too.
Just wanted to share with you my thoughts on this trade, looking at the year chart many have bought at roughly $7.00 throughout the year so there is still pressure on the stock with those until, next Wednesday for tax loss sales if i’m not mistaking. Looking at the short graph, a lot have been shorted through November at prices between $5.50 and $7.00, so let’s say average $6.25, so after next week deadline, and with a lack of new shorts, if the stock price is around $6.00,we might just see this stock grind higher from shorts taking cover. The delisting story is already baked in the cake since beginning of December,my thoughts, glta, cheers.