Anyone Notice How Silent the Shorts have become on this Board?
Methinks the 4.5 million short shares are trying to buy back; and very quietly because those longs on this board know who they are. The more the shorts squawk here the more nervous they reveal themselves. The Forbes article mentions the surprise fax MBLX got from ADM that they were terminating their joint venture. This should give pause to the legal firms fishing for money.
Casinomarket, the drop from $1.60 to $1.50 was partially assisted by a short and distort campaign as dozens of new names showed up on this board spreading misinformation (never refuting corrections provided by the longs) and saying anything they could to create fear and mistrust in the minds of new & existing investors… On the last day of that campaign one of the newer names here said something like this: “I’m done, we made money and are now out of here”. Since then the only name that has returned is ilo and he isn’t making one tenth the effort that the others made. If you think about it, a 10c drop on a $1.60 stock was a 6.25% gains for those who took advantage of it; that wasn’t a bad gain for about a week’s work. It will not surprise me if they come back because it is a well known fact that earnings are typically in the second week of March and Eno saves most of his news for earnings. Of course, now that Kenmare is on the team we could hear something before then (let's hope we do).
I think we’ll get news before earnings.
Watch for a pop back over $2 on any significant news.
A 33% pop like that is what new investors are looking for and it could happen at any time.
Don’t expect it to happen during earnings but rather after Kenmare announces its first sale.