Again,Joe, who is they?The stock is simply reacting to the end of the year machinations.When reality hits the street this stock will be trading at much lower valuations.For now the short interest is not as high as it seems given the the convertible accounting for over 6 million shares short.8 million shares short is really not high given the fact that smart tutes need to cover their #$%$ on this fraudulent company! It really wouldnt be bad but the fact Benihogg pumps this company like a scheme that sets up for a very volatile concern!
Works both ways. "They" can suck in longs who don't do any research, and then tank the stock. I love shorting these stocks. A bit of bad news overnight and the stock opens 60 points down, taking out all the limit sells, and then settles 30 points down. The people who think they were clever get a painful reality check. Have seen it happen many times, and the fools who thought their limit sell order would protect them are always surprised.