Posted On: 07/06/2012 12:20:04 PM
Post# of 39368
MERQ is a new face on ask today. In the past few weeks ETRF and BKRT also showed up. Now I see LAFC on bid at .042.
Askwall formed at .048 by MERQ, ETRF, CSTI, and UBSS. This just showed up at 12:18 EST so I think they are trying to lock the price below a nickel to prempt and attempted short squeeze.
Volume is very light today so I don't think we get a squeeze rally, however it shows you that the bears are very cognizant of their overextended position.
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