Post by
TheRock07 on May 02, 2016 5:34pm
Shorters cannot cover
They are desperate.
Just read their hopeless commentary on this board.
Tradestation data shows that 80% of today's volume was by 5 houses wash trading for zero net gains or losses .
This was why the price came downwards .
There were few real sellers.
No sellers means the shorts can't cover.
My best guess is that less than 150,000 shares were covered today.
Some investiors like me were buying.
I have seen these short and distort plays before .
NHC is a good example.
Same tactics.... Distort and lie .
I added to my NHC position at $2.75 and now have a double enroute to a quadruple .
FX means f-all when most of AMco drugs are manufactured in India.
What a stupid argument .
Did anyone notice RBC as a standout buyer today ?
They have recently rated CXR as out -perform with a price rating of $68.
Watch for surprise developments here.
Comment by
dudsywow on May 02, 2016 5:47pm
Rock, you're the one sounding desperate. You're only hope at this point is a buyout which is a binary event. You may win or lose... sounds like a gamble instead of investing.
Comment by
Roller007 on May 02, 2016 5:53pm
Rock: that's exactly what I've been saying, no bright investors are selling here at a loss with the buyout talks in progress. It's the same shares getting recycled with no net sellers.