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Posted On: 02/27/2018 6:16:45 PM
Post# of 80
Re: FallenTree #64
Right on cue, the queen bee shows up.
Today was a good day for EFLN, closing at 0.0027 on 90+ million shares traded.
As I expected, when EFLN crossed 0.0020 and shows some strength, the queen bee basher shows up. It seems to confirm my observation that it is not the company that is bad, but that there is a substantial short position that gets expensive to carry when the stock price rises.
Not a lot of shorting shows up in the usual places, so I am still thinking that there may be a very large grandfathered Naked Short position on this stock from a few years back.
If there is a grandfathered naked short position, I wonder if it will be just a matter of time before the NSSers have to actually cover their shorts.
Today was a good day for EFLN, closing at 0.0027 on 90+ million shares traded.
As I expected, when EFLN crossed 0.0020 and shows some strength, the queen bee basher shows up. It seems to confirm my observation that it is not the company that is bad, but that there is a substantial short position that gets expensive to carry when the stock price rises.
Not a lot of shorting shows up in the usual places, so I am still thinking that there may be a very large grandfathered Naked Short position on this stock from a few years back.
If there is a grandfathered naked short position, I wonder if it will be just a matter of time before the NSSers have to actually cover their shorts.
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