RE:RE:RE:RE:Dead stock - FIREAgreed it makes no sense for longs to bail now..from 2.00-.12 c over 2 years and it sits at .14c now. Only reason i am not buying is the ATM and association with mmcap but i am watching closely as i think this thing will move strong "oneday"..(mmcap reason there too) ...more upside than down IMO. With its massive float and limited reach it is also not a sure thing either.
johnale wrote: If ... all the selling pressure is from longs giving up...
and... shorts only account for about 10.5mil of volume in 2 week period
then ..... who is soaking up all these shares. (About 50mil)
seems retail always gets shafted - holds on when the buisness stinks and the stock is in free fall - and bails just as the buisness turns around and the stock ready to rebound.