Well, either we have already seen some of that tra
Post# of 11899
Posted On: 09/07/2012 2:14:55 PM
Re: The Illest #3582
Well, either we have already seen some of that trader panic today with a low of $0.0016 or else it is just merely business as usual for the MMs and participants shorting this stock on low volume to push it up or down at will on gigantic swings to shake the tree , cover their short positions as low as possible or else just trying to destroy the upward momentum the stock was building so as to mitigate the risk of their short position becoming a major margin liability should the stock take off on hordes of pinky day traders flooding in on alerts of a massive run starting. I have myself seen such craziness .
As for the dilution machine , according to the T/A today, the O/S is still unchanged at around 1.3B shares, which is what I suggested a few weeks back was the upper limit to how large the O/S could grow based on the rest of the pref shares converting for this year. Most are seeing that market maker VFIN is the one causing the downward pressure. VFIN has been seen to do this in the past...
As for the dilution machine , according to the T/A today, the O/S is still unchanged at around 1.3B shares, which is what I suggested a few weeks back was the upper limit to how large the O/S could grow based on the rest of the pref shares converting for this year. Most are seeing that market maker VFIN is the one causing the downward pressure. VFIN has been seen to do this in the past...
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