Here's why I think that an awful lot of the short
Post# of 72446
Posted On: 10/24/2015 7:06:06 AM
Here's why I think that an awful lot of the short position has been covered in the past few days:
Volume. I agree with you that a lot of it was wash sales. However, these hedge funds involved in the cabal are expert at tape painting. They have painted a picture of a washout and reversal. Thursday and Friday look like the culmination of panic selling and a reversal. This is not to say that they won't try another take-down Monday if there is no press release -- they very well might do so. But I believe that a lot of positions have been covered in the couple of million shares traded in the past couple of days.
FINRA daily short sales: we still don't know exactly how to interpret that data, but I think that the 70% short sale day was a culmination of something. I'm beginning to think that the number is telling us the OPPOSITE of what it seems, and that the 70% day may have been the actual reversal day.
Fear Factor: I think the Ashcroft response has "scared straight" a lot of the baby bear shorts, by which I mean the amateur "me too" shorts from the pumper/dumper groups (and many of them are the ones we saw pumping AVXLD).
Sentiment. By sentiment I mean this: has anyone else noticed that comments that would have been deleted in the past at the other site (posts supportive of CTIX and calling out lies of bashers) have NOT been banned in recent days? Has anyone noticed that some of the worst bashers are now fiercely defending the stock and, most surprisingly, Leo? To me this indicates that some of the baby bear syndicates have been buying like mad and now want the stock to go up -- they have covered their shorts and assembled a long position.
And has anyone noticed that a moderator over there from whom some of us received panicked PM's immediately following the outing of James DeVries as "Mako Research" -- that moderator is "on a break" and not going to post so much -- this, at a time when there are clearly about to be many important developments? To me, if anyone needed a smoking gun, there it is.
Volume. I agree with you that a lot of it was wash sales. However, these hedge funds involved in the cabal are expert at tape painting. They have painted a picture of a washout and reversal. Thursday and Friday look like the culmination of panic selling and a reversal. This is not to say that they won't try another take-down Monday if there is no press release -- they very well might do so. But I believe that a lot of positions have been covered in the couple of million shares traded in the past couple of days.
FINRA daily short sales: we still don't know exactly how to interpret that data, but I think that the 70% short sale day was a culmination of something. I'm beginning to think that the number is telling us the OPPOSITE of what it seems, and that the 70% day may have been the actual reversal day.
Fear Factor: I think the Ashcroft response has "scared straight" a lot of the baby bear shorts, by which I mean the amateur "me too" shorts from the pumper/dumper groups (and many of them are the ones we saw pumping AVXLD).
Sentiment. By sentiment I mean this: has anyone else noticed that comments that would have been deleted in the past at the other site (posts supportive of CTIX and calling out lies of bashers) have NOT been banned in recent days? Has anyone noticed that some of the worst bashers are now fiercely defending the stock and, most surprisingly, Leo? To me this indicates that some of the baby bear syndicates have been buying like mad and now want the stock to go up -- they have covered their shorts and assembled a long position.
And has anyone noticed that a moderator over there from whom some of us received panicked PM's immediately following the outing of James DeVries as "Mako Research" -- that moderator is "on a break" and not going to post so much -- this, at a time when there are clearly about to be many important developments? To me, if anyone needed a smoking gun, there it is.
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