Posted On: 02/24/2016 4:01:59 PM
Post# of 96892
There certainly hasn't been a lot of volume this week but the ETRF buyer seemed to have much buying power sitting on the bid all week.
I agree, eventually the shorts will realize longs are not selling. Possibly they are letting it go or, seeing what the price is that some longs will sell.
With the pps so low and presumably NTEK in no risk at all to go bankrupt having that pps so low for longs that are adding is dangerous for any short. .0025 was a million shares for just $2,500.
They must know longs won't be crazy enough to sell at these prices, especially when so many are down and some are still buying.
I agree, eventually the shorts will realize longs are not selling. Possibly they are letting it go or, seeing what the price is that some longs will sell.
With the pps so low and presumably NTEK in no risk at all to go bankrupt having that pps so low for longs that are adding is dangerous for any short. .0025 was a million shares for just $2,500.
They must know longs won't be crazy enough to sell at these prices, especially when so many are down and some are still buying.
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