less than 30k by 11:00 The bears are probably goi
Post# of 39368
less than 30k by 11:00
The bears are probably going to repeat yesterday's play by dumping in the final moments of the trading day. If they were not dumping, there would be no volume at all this week. Once again they are trying to slam the bids so that at worst case they are back at break even on shorts accumulated at 4.5 cents, but are obviously trying to move back in the money.
The problem is they are the only ones doing the selling, which is completely done through naked shorting not through real shares. None of the real shareholders are letting go. I have millions of shares and accumulated a bunch back when they slammed it in June so I have no reason to do anything other than sit back and watch.
Hopefully other people are doing the same or using this as an opportunity to accumulate. I suspect volume comes back in next month after the labor day shortened week. Until then, look for more of these light volume games.