6 Month Technical - SBBCIn less than 2 months a Massive short brought shares of SBBC from $3.25 to $.175. All based on the assumption that SBBC would need to conduct a massive dilution for future revenues. Nice idea, but the jig is up and SBBC is projecting over $70 Million Revenues and there will be ZERO dilutive financings.
So, the Rats who shorted are in a bit of a quandry as the float is tightly held with only 20 Million shares available and the Bankers are knocking on the Shorters door.
We have what will develop into a Bear Trap, where the covering is going to get very expensive. How high do we go?
Well, regression to the Mean would suggest that we should quickly move back to our 200 day MA which is $3.25. However, with explosive new revenue projections we should/could easily surpass that.
The worm has turned on the short and the upside from here is HUUUUUUUGE! (IMHO, of course)
