Guuullllpppp or Gulped! kinda hard to get down ain't it. I agree, 10 million shares did trade in the past two days. Could it be that there was a cover. See back sometime ago there was a deal that was in hiding on the same type of a short on a stock and I have a friend who told me that shorts were filled from a treasury account. That company's stock went on to within a week fall to nothing and stayed there for hmmm I think 6 or 7 months. So selling from the box is not a good idea at .35 to .40 cents. Well it's not a good idea for the stockholers who bought on good faith in the company. This I, have found only takes palce in "BB" issues as in a full reporting firm you would loose your ass for it.
My only question on that issue is how did anyone short 10,000,000 shares and think they would never buy them back? Don't you think the company would need to show a short that it was a practice of poor mangement or someting? For them to do such a thing under .30 cents??? Churn, Churn, nice word is that what takes a stock higher and higher without buyers? That is until it's up 100 to 200% over where some smart in the know folks bought up more than the float? Only to see churn, churn, churn, to run the price and come on strong with hot news, great news, just next week news! Would you call that a Pump?? with a follow up word of _ _ _ _ ? Just when can a investor trust, have the truth, faith,
and pleasure of holding on to something that is a true business ? Run by a wining team? I'm looking for that firm to invest in ! have any ideas??? hmmm maybe NPEC/MDIN if there was a FORM (SEC) 10-Q attached to it. |
