There were 2 Billion shares traded yesterday alone
Post# of 253
Posted On: 10/08/2013 10:09:53 AM
There were 2 Billion shares traded yesterday alone between .0003 and .0016
All together, there is only 4 Billion shares available. If yesterday alone, 1/2 of them were naked shorts in addition to all the shares shorted before and all must be covered. There will be a shortage of shares to cover all shorts, so once all longs are out of this stock, the shorts will move the price higher to cover their positions. That will create a big run up by itself. There is no any other way around it.
All together, there is only 4 Billion shares available. If yesterday alone, 1/2 of them were naked shorts in addition to all the shares shorted before and all must be covered. There will be a shortage of shares to cover all shorts, so once all longs are out of this stock, the shorts will move the price higher to cover their positions. That will create a big run up by itself. There is no any other way around it.
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