RE:Heres some facts not FUDHoldrrrr wrote: The stock is up %50 in the last 30 days. The shorts are on the bid at 60cents range trying to cover some of their massive short position, and are capping it off from running in that range.
They spam the board relentlessly and desperately in hopes to scare a few big shareholders to sell into their short covering bid, in the meantime they are getting a few shorts covered by day traders taking a bit of profit (those who bought in the last 30 days.)
Now, once the selling into the bid becomes very slow, they will have no option but to let it just run to the next level, 70 cents I calculate and cap it there to absorb more sales by day traders.
The key to recognize is they can't cover the shorts by buying the ask, because the stock will fly. So they must move it up in increments, cap it, and absorb the flippers selling into the bid.
Good luck to all the honest people here, and we should see a break higher this week. Up %50 in last 30 days, the market is telling you more than these bashers are.
I can also confirm, short positions are in fact decreasing as of last week. So they are covering.
Have a great day
The shorts are trapped. Good news will only make it worse for them and it is coming. Almost 2 million shorts to cover!