Oh this is a must read it is hilarious! They wanted cheap
Oh this is a must read it is hilarious! They wanted cheap shares!
Apparently it seems that the shorts new huge news was coming, it looks like they wanted to stock up and either got caught badly or there is another option!
Think about this one: these penny stock traders can actually be very smart!
They managed to raise the daily volume today to 16 million after a release from Google! they managed to keep the stock down for the VAST MAJORITY OF THE DAY all the way up until 2pm!!
So the stock went up 50% in 2 hours and volume of 16 million! How much would it have gone up if released earlier?
I am not so sure that the shorts got burned, just a thought! If they ended up with 12 million shares or so, i would say they made out extremely well!!
Look at the chart, i think some shorts are now longs. The whole bashing thing has always been about the NP-1 not being real or released.
I am extremely interested in who got these shares! Even if they naked shorted the shares, that just means that they have to cover!! I would be very happy right now with anywhere near 10-15 million shares at these prices.
Just something to consider! I am now thinking .15 and .25 are coming fairly shortly. The audit and dividend and buyout announcements are only 5 or 6 trading days away.
Maybe this was the last chance for anyone to get shares! Selling next week is going to be very very low!
Nanotech Entertainment Inc. (NTEK) Stock Research Links
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