ATTN. Seeking Alpha. $FUSZ
Bot $0.33 and sold 1/2, twice, for good money;
and now thinking about doubling down again
As close to a dollar as possible.
From dizong
Short FUSZ On Naked Short Position
Seeking Alpha Michael Sheikh's Blog
May 18, 2018 3:24 AM ET
|About: nFusz, Inc. (FUSZ), ORCL
Summary
•Naked Short Position Doubled in Month of April.
•Total Naked Shorts Since January 3,797,065.
•ORCL Catalyst Could Spell Disaster for Shorts Holding their Position.
•New Sheriff in Town to Target the Naked Shorters.
nFusz Inc. (OTCQB:FUSZ) has been under a short attack since the beginning of March and has been under relentless selling pressure since the stock peaked on April 20, 2018. The short position is at epidemic levels and the recent selling capitulation and corresponding reversal on 5/16/18 bodes really well for the stock on a technical basis to push into near highs in the short run. The company has made a concerted effort to go after the Fail To Delivers announcing a "new sheriff" in town on the SHAC video. This is a long term solution so results aren't instantaneous. Short term the naked short attacks may continue but they are sensing real danger with the official joint release of the Oracle Inc. (ORCL) notifiCRM product launch looming. Shorts have been using the message boards to spread fear and doubt that the ORCL launch is not real. They have tried to expand the narrative to include the lack of sales and the massive burn rate of the company. To set the record straight the company announced a major sale with DM Leasing. The also talked about sales being referred from Marketo on the most recent SHAC video update.
Growth of Naked Short Activity
This chart shows the incidence of naked shorting on a daily basis versus the price of the stock. Since March every price run up had been met my stiff resistance in the form a naked short activity. Using OTC short report data the activity has died down but has not included the last 2 days of data where the stock has undergone a complete turnaround with a spike in volume. In the absence of data investors could speculate that more naked short selling persisted but it looks far more likely that they are downsizing their positions ahead of a potential ORCL announcement.
Investors can see from this website screen shot the extremely high percentage of shares being shorted with an average close to 50% that was shorted daily. the Legal short position seemed to stay in check.
If you add the legal and illegal short positions the total is 2,302,218 shares that is short. Given the size of the short position in comparison to its volume the position has been paired significantly to avoid a disaster should ORCL make the joint announcement soon.
ORCL Announcement
CEO Rory Cutaia has apologized on many account that they have been unable to release the ORCL news. Investor's want the news badly because they know there will be a jump in stock price. The joint press release will give ORCL shareholders an opportunity to learn about FUSZ and possibly invest. These new investor would be very dangerous to the short actors in the market. The press release will also go out to institutional holders of ORCL who might might be compelled to buy the stock of FUSZ in the open market once they hear the story. Rumors are floating around that the press release could come within the next 2 weeks if not sooner. We have been hearing that for a while so it might just make sense to stay on the sidelines but then investors would be missing out on a huge technical run in the stock price.
Rational Investor Response - Thinking Long Term
Investors should not be intimidated by by the ruthless short tactics of hijacking message boards and spamming them with worthless content. Moreover investors should start taking a long term view of the company and not fall prey to the bear raids and getting caught up in the volatility of the stock. Investor's should look to the long term and pay attention to the earnings models that conservatively values the stock at $7.50 just taking into account sell through on just the ORCL deal. The ORCL announcement will likely bring institutional backing that will translate into an uplisting of the stock. Eventually breadcrumbs will be dropped in the SHAC videos that will give investors an idea on how fast sales are ramping. Investors need to understand that the biggest risk of day trading the stock is that they will miss that big contract win that is independent of the ORCL or Marketo deal and therefore be very accretive to earnings. Volatility is the energy the shorts feed on. If people remain steadfast in their convictions and stop daytrading the stock the incentives of the shorts will evaporate and then they will move on. Investors need to understand how truly undervalued the stock is and that holding long term is the best strategy. A long term view is the ultimate weapon against the shorts.
(them) I also am long though.
Disclosure: I am/we are long ORCL, FUSZ.
< Caveat_ you always wonder what, if anything,
the shorts know in this case about Oracle here.
Bot $0.33 and sold 1/2, twice, for good money;
and now thinking about doubling down again
As close to a dollar as possible.
From dizong
Short FUSZ On Naked Short Position
Seeking Alpha Michael Sheikh's Blog
May 18, 2018 3:24 AM ET
|About: nFusz, Inc. (FUSZ), ORCL
Summary
•Naked Short Position Doubled in Month of April.
•Total Naked Shorts Since January 3,797,065.
•ORCL Catalyst Could Spell Disaster for Shorts Holding their Position.
•New Sheriff in Town to Target the Naked Shorters.
nFusz Inc. (OTCQB:FUSZ) has been under a short attack since the beginning of March and has been under relentless selling pressure since the stock peaked on April 20, 2018. The short position is at epidemic levels and the recent selling capitulation and corresponding reversal on 5/16/18 bodes really well for the stock on a technical basis to push into near highs in the short run. The company has made a concerted effort to go after the Fail To Delivers announcing a "new sheriff" in town on the SHAC video. This is a long term solution so results aren't instantaneous. Short term the naked short attacks may continue but they are sensing real danger with the official joint release of the Oracle Inc. (ORCL) notifiCRM product launch looming. Shorts have been using the message boards to spread fear and doubt that the ORCL launch is not real. They have tried to expand the narrative to include the lack of sales and the massive burn rate of the company. To set the record straight the company announced a major sale with DM Leasing. The also talked about sales being referred from Marketo on the most recent SHAC video update.
Growth of Naked Short Activity
This chart shows the incidence of naked shorting on a daily basis versus the price of the stock. Since March every price run up had been met my stiff resistance in the form a naked short activity. Using OTC short report data the activity has died down but has not included the last 2 days of data where the stock has undergone a complete turnaround with a spike in volume. In the absence of data investors could speculate that more naked short selling persisted but it looks far more likely that they are downsizing their positions ahead of a potential ORCL announcement.
Investors can see from this website screen shot the extremely high percentage of shares being shorted with an average close to 50% that was shorted daily. the Legal short position seemed to stay in check.
If you add the legal and illegal short positions the total is 2,302,218 shares that is short. Given the size of the short position in comparison to its volume the position has been paired significantly to avoid a disaster should ORCL make the joint announcement soon.
ORCL Announcement
CEO Rory Cutaia has apologized on many account that they have been unable to release the ORCL news. Investor's want the news badly because they know there will be a jump in stock price. The joint press release will give ORCL shareholders an opportunity to learn about FUSZ and possibly invest. These new investor would be very dangerous to the short actors in the market. The press release will also go out to institutional holders of ORCL who might might be compelled to buy the stock of FUSZ in the open market once they hear the story. Rumors are floating around that the press release could come within the next 2 weeks if not sooner. We have been hearing that for a while so it might just make sense to stay on the sidelines but then investors would be missing out on a huge technical run in the stock price.
Rational Investor Response - Thinking Long Term
Investors should not be intimidated by by the ruthless short tactics of hijacking message boards and spamming them with worthless content. Moreover investors should start taking a long term view of the company and not fall prey to the bear raids and getting caught up in the volatility of the stock. Investor's should look to the long term and pay attention to the earnings models that conservatively values the stock at $7.50 just taking into account sell through on just the ORCL deal. The ORCL announcement will likely bring institutional backing that will translate into an uplisting of the stock. Eventually breadcrumbs will be dropped in the SHAC videos that will give investors an idea on how fast sales are ramping. Investors need to understand that the biggest risk of day trading the stock is that they will miss that big contract win that is independent of the ORCL or Marketo deal and therefore be very accretive to earnings. Volatility is the energy the shorts feed on. If people remain steadfast in their convictions and stop daytrading the stock the incentives of the shorts will evaporate and then they will move on. Investors need to understand how truly undervalued the stock is and that holding long term is the best strategy. A long term view is the ultimate weapon against the shorts.
(them) I also am long though.
Disclosure: I am/we are long ORCL, FUSZ.
< Caveat_ you always wonder what, if anything,
the shorts know in this case about Oracle here.
