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I am shocked there is little mention of what happened at the close today. How could everybody have missed that? First off, 80% of today's volume (rough estimate) was BUYING (and most of it at 1.25). The MMs several times tried to take it down and each time block buys came in and pinned it back at 1.25. This happened all day. Then 15 minutes before the close, the MMs tried to take her down again. Got her down to 1.20 and then again buying brought it back up to 1.25. And then in the final minutes (check it out if you don't believe me), I saw a minimum of 8 10k blocks go off at the ask in rapid fire. BAM BAM BAM BAM BAM They just kept hitting the ask. Folks, are you getting this? I don't care what anyone says about artificial volume or whatnot -- this is a short trap being set by skilled people. It has to be. Today was played to perfection. 1.25 has been a prior resistance point. It is a weak point for MMs and they wanted it WELL under that. But every time they tried, they got beat back by perfectly timed buying. And then, at the end of the day, whoever this person/group is trying to break the shorts KNEW THAT THE SHORTS WERE GOING TO MAKE A RUN TO DROP THE STOCK AND KNEW THEY COULD NOT AFFORD TO LET THE STOCK CLOSE ABOVE 1.25. So they basically knew that the shorts would sell into as many buy blocks as they had to to keep it at 1.25 or under. And what does that mean? That means whoever is setting this short trap knew they could get shorts to have to enlarge their short position today and make them even more vulnerable. I estimate the shorts had to sell over 400k today and thus increase the overall short position by 400k. You just don't hit an ask at 1.25 with near 100k shares at the close and not have it move even a penny. Nor do you keep it so precisely pinned as it was today. If you were trying to break a short position, the best way you can do it is to force the shorts to continue to overextend themselves. Today was the last day of the month. The closing price was very critical. The shorts had to try to keep it as low as possible for their accounts. They HAD to sell in today because if this thing ran to 1.50 on the last day of the month, they would be SCREWED for May. So whoever this short breaker is knew this and played it to perfection. Bled the shares out all day then hit them hard at the end when he knew they would have to absorb it. The net result is that the price was kept at 1.25 on the close at the end of the month (which probably is very high to them and will still signficantly harm their accounts) AND it got the shorts to extend their short position even further (and at the low price of 1.25) to the tune of an extra 400k shares. It was a perfect trap. Shorts can ease up now that it is no longer the end of the month, only now their account positions are probably screwed and they now have a short position about 400k larger than the monstrosity that existed before today. Look for shorts to let it run up to 1.50 before they are forced to begin selling again. Only by then, they may not have the resources to extend themselves any further. The longer they hold out and sell short, the worse off they will be. They think they will outlast this, but today's closing block buys probably scared the living bejeezus out of them. Imagine if this thing moves to 1.50, the shorts begin shorting again AND THEY CONTINUE TO GET HIT WITH BLOCK BIDS AGAIN AT 1.50?????? WHEN THEY CAN NO LONGER STAVE OFF THIS BUYING, THEY WILL BE SCREWED TO THE NTH DEGREE. Couple all of this with the after hours horse trading bs we have seen and YOU COULD NOT HAVE MORE DIRECT SIGNALS FOR A VERY TIGHTLY WOUND SHORT POSITION. You simply do not absorb 100k of buying without moving the ask up a penny unless there are some very important things you need. Shorts needed to get the price down or at least keep it at 1.25. They did, but they are getting beat up real bad now. I know many think I am dreaming up these "conspiracy theories" or the like, but trading over the last 20 days is a dead giveaway. I truly believe we will see one of the most talked about short squeezes in otc land in a LONG time. Keep up the pressure. Tell your friends and neighbors. Thank you to all the new Tsharks who have joined the club. Thank you for your support. Remember May is officially Market Monkey Massacre Month. Let the games begin!!!!! |
