Ready, here is another thing way to know that a short & distort is occurring: Watch carefully for price manipulation! The team shorting the stock really wants to create a clear down trend by manipulating the end of the day closing price. This is particularly easy in low volume stocks and the trend can be continued or escalated by simply dumping a few hundred shares below bid during the last few seconds of trading. This is highly illegal but is difficult to prove so the SEC tends to ignore most cases. If you watch MBLX’s price action on a level two system you’ll see that this stock tends to have pretty good support and may fluctuate a few pennies during the day but someone is now shaving two to three cents extra in the last few seconds of the trading day. This activity was done frequently last year when the shorts marched the price down towards a dollar and began recently about the same time that our friend ilove stepped up his slander campaign.
shorts are definitely hitting this stock hard and have been adding for last few months. ilove was posting for about 2 years as a long and lost a ton and then just wants to bash mgt for mistakes that were made. I understand his anger but don't understand why he wants to sit with his loss over and over again on this board & he has no idea if this company will turn it around.
If there was any buying shorts would not be able to manipulate - they have control until company shows it is making strides in Spain and with other product. Another round of mgt buying would really be nice but other than that it is just a wait and see (why i tried to wait until march to post.. dang it for getting sucked back in).