Post by
newatinvest011 on Nov 15, 2016 12:12pm
Low Levels Plus Price Drop
probably means that shorts are manipulating the share price. This happened prior to short release numbers on NASDAQ reported on 10 Nov 2016 which showed a 400% increase in short. Curious to know if this trend will continue until the next short report, if I was a betting man I would say we will see another significant increase in the shorts. The good news is that there seems to be no lose of confidence in the stock (as shown by the low volume) which means only the shorter's are working the price at this point. One good financial and we will see a max exit from the shorts.
Comment by
biggerr on Nov 15, 2016 1:42pm
the rule of thumb is that if it's a microcap stock like DWI and it's been sliding for a long time one good news may boost it for one day but then the slide begins again, a note to myself for future trading, ha
Comment by
newatinvest011 on Nov 15, 2016 1:59pm
I agree in general that is what happens for many reasons for example profit taking etc... However what is different in this case is a 400% increase in short since the good news broke out.
Comment by
Bigpaulbunyon on Nov 15, 2016 7:38pm
I agree with the fact about the shorts going up, but don't shorts need an uptick, this seems to be driven down by people selling into the bids . Also something I have noticed when the news was out and sprint and subsequent nrs trading on tsx was about 10% of what was trading on the Nasdaq . The last few days it above 25% , any know why ???
Comment by
barneyj44 on Nov 16, 2016 12:53pm
The Sprint contract might not be as big as some have speculated (and its all speculation at this point) we still have the Argentinian deal and Australia, still holding my shares but this trading action sure isn't for the feint of heart.