RE:RE:RE:RE:RE:RE:FIRE Shorts to Apr16/20Thanks again Meth, a friend and I were just talking about much the same situation but in a totally different discipline. That history ended up in a precedent setting case, hardly the situation here but many similarities just the same.
FIRE will do just fine for those that own, as always it is, JMHO...Opt
Method wrote: In all my years at an investment bank, market makers never had any impact on a stock price but you know better than I do. That has been established.
The other MM will have a bigger impact on the share price, I think. They are the ones who own ~80% of the FIRE.DB
But, I hope you are right.
OptGreen wrote: That's correct Meth and they will not be moving the SP until the company is ready to support the move north and sustain it, There will be real volumes traded and the SP will head north hard, with the extremely undervalued SP levels of late, JMHO...Opt
Method wrote: OptGreen wrote: Agreed joh and their window is going to close soon....the paltry volume is going to squeeze them hard in the meantime as the MM is going to start moving the SP north as soon as the numbers are in line with guidance estimates and the growth going forward is a given as they ramp up to full production.
Today's technicals show resistance found at $1.42, the first time it has been that high in some time....now this could easily be back to $0.30 tomorrow as it a very fluid indicator but it does line up with what has been and is happening with the company and sounds like guidance level sales increases.
A NR verifying sales in the guidance range will move the SP north and when those sales are supported by exponential growth forecast, the MM will be moving the SP north hard, with plenty of pain for anyone caught short and plenty of gain for those that own, JMHO...Opt
johnale wrote: Look at the last two value/shares shorted - .25cents? .28cents average-
those trades are not in the money right now. plus 11.6 mil shares short as of april 5 with not a lot of volume.
Seems like they are trying to cover without making the price rise too much. holding it below .30 and picking
up whatever shares they can slowly.
when they cover as much as they can - this will fly back up. expect a pop heading into earnings. no one will want to be short with a big boggie on earnings with the demand rush that happened.
The "MM" is the market maker?