OTCPK:EMMBF - Post by User
Comment by
Mamalikespieon Oct 05, 2018 4:32pm
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Post# 28755193
RE:RE:perfect time to buy
RE:RE:perfect time to buyActually, it's true that short interest is very high for emblem:
https://otcshortreport.com/company/EMMBF
Compared to Cannopy which averages 15%, emblem has had 40-50% of daily volume since January. 1-day shorts. Basically: day traders. They do this time, people looking for consistent but significant oscillations of +/- 2%. It puts a dampening effect on long term price growth, and makes short term price much more volatile (high fluctuations attract more day-traders). It could be price manipulation, same thing happened to AMD up until the point when it was painfully obvious it was clobbering intel and no one could lie to themselves anymore.
Also note that average short volume has fallen off a cliff in september, shorted shares have gone from 200-250k to 38k. Hold on for a few months until next earnings at least to get out.