What I don't understand is why anyone would be short on this stock right now.... there is a definite support level from 5.97 to 6.16. I don't see much of a downside here. With actual bullish articles finally coming out about MM, all I see happening here is a steady uptrend to May 8 th.
A mobile advertising company not having a future in this day and age? You must be joking. Ask yourself how many of the people that you meet each day has a phone with a touch screen.
As for the stock, it’s already so low that it almost makes no economic sense to go lower. Certainly short term price would be simply a matter of supply and demand, and the short has been successful at keeping the level artificially low, but if you think this stock would continue to go lower from here instead of jumping upward, you’re hopeless. Sure, you can keep pushing to get allowances from your parents at 25 but they will kick you out soon enough. And the market has no parental feelings, we know that.
I do get why the short would try to be so vocal, basic psychology. But it’s almost unreal, why can’t they just cover and start reversing? At this level it would be stupid to sell, let alone shorting!! With light trade volume, keeping the price low is less costly. But I do wait for the days when the big whale comes along, see who can keep up with the pressure.
As a long term player, I’m just glad to be able to get into a bargain. Thanks shorters, ball on your court!