Posted On: 05/03/2016 4:36:59 PM
Post# of 679
Some Quick Back of the Envelope Math.
If 20,000 shares can move the price 0.22 cents or almost 10% (today), and there are 220,000 shares currently short, what magnitude of price increase should we expect to see if we get panic buying of those shares by the shorts?
We could easily blow through the old high of $3.55 from last April.
If 20,000 shares can move the price 0.22 cents or almost 10% (today), and there are 220,000 shares currently short, what magnitude of price increase should we expect to see if we get panic buying of those shares by the shorts?
We could easily blow through the old high of $3.55 from last April.
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