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If you are looking for a price that the shorts will cover, I suggest you understand their motivation by reading the statement by Krause in mid-March (?16th?) on the SaraHallitax website wherein Krause stated that he knows there are a lot of marketmakers who are short, and are determined to reduce the price to "zero" . He says he cannot determine the price, but is pleased to see that every time the price is pushed lower, buyers reappear, and drive the price upward. I am certain the MMs shorting this stock take it as a personal challenge. After all, if the real MMs who can actually short (omit those posting here), shorted at 17-18-19, they covered in this area around 10, and are on to other plays. They are gone, off to make real money. The emotional guys are still here, pounding, because money is not really what they are about, it is the challenge by Krause.... |
