Quantum Bit Induction Technologies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Quantum Bit Induction Technologies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: StockSwami	9/7/2006 9:14:16 PM
	Read Replies (1) of 22

For those of you who are wondering why this stock is getting so much attention, here is what is going on. The company recently announced a 10 for 1 forward split. This took place on Aug 31. The new shares were put into everyones account. A number of people sold some or all of their shares as is quite often the case in forward splits. A few days later, brokers started notifying people that they were short the shares they had received from the f/split and sold. It seems the shares received from the 10 to 1 split were actually restricted for a year. To add to the madness, usually after forward splits, MM's will short shares because there are now many additional shares for them to get their hands on. To make a long story short, there is now a short squeeze going on. Individual investors as well as MM's are short shares. For those of you who remember the past, PAIV created much the same situation. That stock ran from .001 to .25. Those who own, hold on to your hats. Anyone who doesn't, there should still be time to get aboard. Good luck to all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next