The short sellers have dug in. They will not cover their extreme short postion that they are holding on to. Anywhere between 37-40MM shares. EXTREME!!!
251MM SHARES TOTAL OUTSTANDING (-95MM LOCKUP 2 YEARS CEO STOCK)
-95MM SHARES (CEO LOCKUP STOCK)
156MM SHARES OUTSTANDING AS TO THE ACTUAL SHARES
-101MM SHARES (65 PERCENT APPROX. INSTITUTIONAL AND FUND OWNERS LT HOLDERS)
-13MM INSIDER OWNED (HECKMANN,ETC)
42MM SHARE FLOAT (TRUE ACTUAL FLOAT)
15-20MM SHARES (RETAIL OWNED)
22mm SHARE (REAL FLOAT)
-40MM SHARES SHORT
AT least 50 percent OF THE FLOAT IS SHORT and perhaps as high as 60%
23 DAYS TO COVER and probably higher.
Watch how quick the stock trades right back up on Monday.
SMART MONEY LONGS ARE ACCUMULATING SHARES AGGRESSIVELY. THIS TRUE SHORT SQUEEZE WILL BE ONE FOR THE AGES!!!!
THIS STOCK WILL BE JUMPING $.50-1.00 CLIPS
Sentiment: Strong Buy
I called IR to see if the reverse split was still being looked and yes there are well aware that Wedbushwack is looking to protect the shorts and while I'm not a fan the big players are still for it and I think we will see it in the next 3 months......it would open up more buying, margin and squeeze down the real float point that you pointed out.
This "short squeeze" is moving about as fast as molasses flowing uphill in sub-zero weather.
How about we hold off on the short squeeze talk until we break $4.50 again okay?
Its absolutely beyond ridiculous at this point. As dumb as saying we're going to the low 3s too.