Yes if it went down by only 2 cents with over 100k
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Posted On: 08/03/2017 7:44:49 AM
Yes if it went down by only 2 cents with over 100k short why did that happen? I think we triggered a circuit breaker at the 10% level yesterday which effectively took the shorts out of the game. From Lunch time yesterday Through today.
https://www.sec.gov/news/press/2010/2010-26.htm
The alternative uptick rule (Rule 201) approved today imposes restrictions on short selling only when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. At that point, short selling would be permitted if the price of the security is above the current national best bid.
Rule 201 includes the following features:
• Short Sale-Related Circuit Breaker: The circuit breaker would be triggered for a security any day in which the price declines by 10 percent or more from the prior day's closing price.
• Duration of Price Test Restriction: Once the circuit breaker has been triggered, the alternative uptick rule would apply to short sale orders in that security for the remainder of the day as well as the following day.
• Securities Covered by Price Test Restriction: The rule generally applies to all equity securities that are listed on a national securities exchange, whether traded on an exchange or in the over-the-counter market.
So I’d see this rising again today.
Today would be a GREAT DAY FOR A PR.
Hopefully Longs will not sell today and this will go back up. Of Course they could short it down again at 10% Wham.
Let's see if I'm right, I'm not a trader, trader, trader but I'd like to say I'm a quick study.
So if it were to close at $2.00 the today and it hits 1.80 AT ANY TIME Tomorrow bam triggered again I'm not saying it will hit 2 bucks just using it for round numbers. Much quicker at lower prices.
Perhaps Rambo or Inversor could lend some expertise, those guys live and breath this stuff.
I'm not sure if this affect Market Makers doing their normal naked short thing? If not I guess that could provide a back door for any well connected short???????
I'd ask the shorts but I do believe that for the most part they try to mislead, mislead, mislead.
Hopefully the longs will keep their eye on the prize buy a few and if they must sell set the ASK High.
Xster Interesting to watch
But yesterday with 100k short and down by 2 cents I can 100 per cent guarantee you when those shares are bought back at current levels you'd see a 10 to 15 cents bump in the price towards the upside that day.
I'd say they will try to paint it down at the end of the day but they will have to use "Real Shares" Not Borrowed shares, Important to understand the volume on that would more than likely be low.
Buy Buy Buy
https://www.sec.gov/news/press/2010/2010-26.htm
The alternative uptick rule (Rule 201) approved today imposes restrictions on short selling only when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. At that point, short selling would be permitted if the price of the security is above the current national best bid.
Rule 201 includes the following features:
• Short Sale-Related Circuit Breaker: The circuit breaker would be triggered for a security any day in which the price declines by 10 percent or more from the prior day's closing price.
• Duration of Price Test Restriction: Once the circuit breaker has been triggered, the alternative uptick rule would apply to short sale orders in that security for the remainder of the day as well as the following day.
• Securities Covered by Price Test Restriction: The rule generally applies to all equity securities that are listed on a national securities exchange, whether traded on an exchange or in the over-the-counter market.
So I’d see this rising again today.
Today would be a GREAT DAY FOR A PR.
Hopefully Longs will not sell today and this will go back up. Of Course they could short it down again at 10% Wham.
Let's see if I'm right, I'm not a trader, trader, trader but I'd like to say I'm a quick study.
So if it were to close at $2.00 the today and it hits 1.80 AT ANY TIME Tomorrow bam triggered again I'm not saying it will hit 2 bucks just using it for round numbers. Much quicker at lower prices.
Perhaps Rambo or Inversor could lend some expertise, those guys live and breath this stuff.
I'm not sure if this affect Market Makers doing their normal naked short thing? If not I guess that could provide a back door for any well connected short???????
I'd ask the shorts but I do believe that for the most part they try to mislead, mislead, mislead.
Hopefully the longs will keep their eye on the prize buy a few and if they must sell set the ASK High.
Xster Interesting to watch
But yesterday with 100k short and down by 2 cents I can 100 per cent guarantee you when those shares are bought back at current levels you'd see a 10 to 15 cents bump in the price towards the upside that day.
I'd say they will try to paint it down at the end of the day but they will have to use "Real Shares" Not Borrowed shares, Important to understand the volume on that would more than likely be low.
Buy Buy Buy
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