The Paramount deal and the follow through with the downloads also sealed it for me. I was always a long but I decided to double my position after this. Still amazed that the pps is so low and my only concern is that there could actually be some bad news that totally destroys the confidence of the longs. So far, I have been in this stock for almost 3 years and there has never really been any bad news. I am kinda thinking that the MM's are in a bad situation and got so greedy that some of them are so deeply shorted in this stock that the only way out for some is to destroy the company. My guess is that an MM who got really greedy could be 50mm shares short. In a case like this they stand to profit a half a million dollars if the company folds. Even if they are trying to cover some of those shares, they have to do everything they can to keep the pps at this level. Just watch L2 trades and you will see a lot of obvious wash trades. The problem is that the volume is not high enough to do much covering. Also when it gets low enough you have lots of longs like us that just can't resist adding to our stash.
(0)
(0)
Nanotech Entertainment Inc. (NTEK) Stock Research Links