Has anybody ever seen a stock trade the shares this is trading and still stay in such a tight range? The buying and selling are just about even.... You might think it's shorts slowly covering, but it traded this way the whole month of August without a reduction in the short population. I never seen so much effort in minipulating a stock. Especially when dealing with such a small company.......
dfmaf:the authentic iwinshortslose01 posted that speculation(with my support of said speculation)and we both were "shalacked" on this board for it. i still believe the big boys hedge their bets which matches up with what you posted, inmho. fwiw
Would you explain how and why? Do you think it is simply short positions buying and selling to each other in order to keep the price low b4 fda decision? And do the MMs have anything to do with it? That would be illegal...right?
Yes they do have something to do with it. You ever watch level 2 data. A sale will come in 2-3-4-5c Below bid. They sell a few and but pick up hundreds to thousands at the lower price. Have you ever put a bid in and watch it climb the ladder your order is showing next and all of a sudden bids jump yours at the same price and same amount of shares and then thousand more? Then you are chasing it. Its rigged and you just need to wait it out. We have a winner here. Hang in there.
Sentiment: Strong Buy
The shorts built a big position betting on FDA denial of lymphoseek. That happened but the company has turned it around and it looks like they will get approval this time. Shorts are shorting more hoping for another denial. We will know if they are wrong or right by April. If they are wrong you will want to own the stock when they cover 16 million shares. This stock averages less than a million shares a day.