Yes I agree. The stock hit a high of $12.50 that day and was imeadately hit and attacked big time from everywhere known to man. Hit bloggers, bashers GS and all others. The shorts were busted in a very, very big way because they had the bet in on a high short position that the co would not get FDA approval. So they had to inact plan two, Short this heavy to stop the bleeding and short it fast and get all the people out there we have to write everything they possibly can to hold this down so the we can cover and save hundreds of millions that we shorted.
As for a short trigger number I believe in the 7s is right. But given the fact that the shorts of such power and mountains of cash I don't know exactly how to take them out after what they just pulled off. Once these guys get a firm hold and grip on a co and its stock movements they hold on tight and play it hundreds of times. Getting them out to cover 50-75% of the 115 million short is not going to be easy by any stretch. Not saying it is impossible, just saying it will be tough unless they they actually get on board. I don't see that anytime soon as of yet. They are using every angle and every clown they can get to slam this.
We all know the script numbers will be increacing and the insurance cos will get on board in the next few months. Perhaps by that time this will have gained some ground and the tone will change - maybe. The days to cover doesn't mean anything as they have borrowed shares and are paying that interest. It would be up to the lenders to send a margin call and the ones lending to stop doing so. A higher maintained pps means they have to pay a higher margin % cost. If you could take the criminal manipulations out and limit what one can short to a % of the float that would help."" Everyone"" makes too much money to see any rule changes
You have these guys peg right no question about it. They won't talk about all the naked shares I am sure that they are in deep. The tape painting and the inter mkt swapping and - other trades as well as phantom trades is plain to see that manipulation to the educated eye. We would like to to get that margin call and lenders make them cover. They make a good 3% of these guys and in most cases they don't force it unless there is a huge move. The gang knows this you bet and will do anything to stop the move to get that margin call from the lenders.
The governing bodies are either too stupid to know what they are looking at or don't care, or paid to look the other way, or just plain Incompetent . There may just be a little of all of it.
In any case strong demand will take them out. But their tricks and game will never be completely over. Put together the whys and there are answers. The assumptions as viewed look correct to me to the shenanigans being pulled off.
You may be right who kows but the volume says something for sure. After all the bashing and beating this up that would be monster news. That only applies to the one or two that are hear day and noght for some strange reason we can't figure out - or maybe we can figure it out. I'd like to see the lenders call them in on a margin call - them= shorts. They did a good job from 2.70 to here - is it time to retrace. We hope so - about time. I am sure they have loaded up and covered plenty by now as well. In any case what ever good to see a nice move today and perhaps the days and months ahead.
That is outright total BUllShIITT and you know it and we know it. I get the giggles and laughs part and amusing yourself like a grammer student what I don't get is why you don't want the pps to go up. What is the reason. What is the answer. Be careful not to sound childish or stupid.
Why don't you want this pps to go up? Curious as to why. What is you purpose for personal attacks and co bashing. Why do you do it. Tere has to be a reason - right
Ask yourself this. Why don't these guys want the pps to go up? Why don't they want to buy cheap shares and make good money to the up side? Why do they post the same thigns over and over and over agian with bashing nonsence? If they don't own the stock why do they come to a message board day and night to bash it? What could possibly be the reason? Are they here to save you from yourself? Are they making money by trying keeping it down and not covering a short position? Why do they slam very positive news? What is the meaning of all this? Do they have an agenda? Do you buy a stock and beat it up or do you short a stock and beat it up and have already made money shorting it and don't want to cover at all, and just want to pay the interest? Has this stock been naked shorted and the don't want volume to expose them?
Getting real close to a retrace to the mid 20s. A few more sessions - maybe sooner. When the volume starts to increase over 1 mil to 1.2 or there about is will start the retrace IMO. Not many are going anywhere soon off these lows. Big demand and high volume is a differnt story. Who knows what she'll do then.
Do you understand now how this goes. I am sure you do though. Maybe next time. glty
We all get it I don'tknow why they don't get it. Posting on a message board all day slamming and bashing really doesn't mean squat to investors truth be told. They don't influence anyone. It is more like #$%$ reality tv than anything else for real. No one is listening, some observing for the laugh that's about it. If one doesn't know or understand these message boards by now they will in a hurry. They are on every board every day all day and night why, to save you from yourself - I don't think so. All wantabe manipulators. Sorry truth be told have nothing but to show their true colors and agenda.
Like a pretty smart fellow said once do the opposite and you will do okay 99% of the time.
Don't believe anything you hear and only believe half of what you sse.
We'll see how it goes. One thing as well there are no sellers dumping as they would have you believe by painting the tape forever with inter mkt swapping and phantom trades, and trades known as other. You "could" be right, but I don't believe so.
No. IMO they used the mkt conditions in connection with the already manipulation to drive it down. They continue to take out all stops and keep shorting with the shares that the dumb investors lend them. Like shooting yourself with your own gun. Stupid. Everythime the mkt turns up the hit pieces come. Are you surprised, you shouldn't be. I told you guys last week and on Monday the mkt would turn back and above the mkt hit and manipulations. This is what is going to happen, scripts will improve over the next four months, the bottom line will improve and the will beat estimates. Insurance cos will get on board.
What will also help yours and my cause is quit using stop losses as they know where to short to get shares for one, and two quit lending them your shares = stupid. This applies to investors not traders or short sellers. They will do what they do, that's fine, but if you are a long term investors don't follow the manipulation and Bs is my advice.
Don't believe anything you hear and only believe half of what you see
You are reading the volume inccrrect. There are IMO big orders they can not fill. They don't have the shares to sell. All the "real" shares have been accounted for. All they have is naked short shares and about to get busted on that. Very high demand will squeeze this up. No one is selling either. If they want and need shares they will have to let it go to induce selling by traders. They jacked this one all up and now they are in it deep, to put it mildly. Watch the volume pop by the end of the day and the pps with it. Now I could be wrong, but IMO I don't think so.
It never ceases to amaze me how these boards banter. You do have to wonder why it is that there are two sides that work in opposite directions on the same stock that is "supposed" to be owned. There are those of us who believe in the investment and there are those that do not want you to invest. Why is that? Is ther some magical insight I am missing or is it is what it looks like. As an investor I sure wouldn't beat it up and would be honest with the truth, If I were a short or ar a flipper, or trader I would look for everything possible to manipulate - if I could.
These boards have produced self annointed saviors - lol - agenda driven and manipulating cohorts by the hundreds. Anyone coming to any message board should know this. I don't buy this hit garbage for a second. I didn't buy because someone on a message board said so, I didn't sell any stocks because of someone on a message board said to do so. I buy for the potential, I sell for the lack of potential. I don't short, I don't trade and I don't flip. Short - mid-term or long term is where I make the most.
To each their own
Don't believe anything you hear and only believe half of what you see.
One thing for sure this is a daytraders deam and many are making a killing for real during this time. Flippers paradice. This has a ways to go before we get out of it. If able do the same you'll have a ton of free riding shares moving forward That is what many are doing right now and for the past few months. Unfortunately many can't do that. Average investor probably hold between 2k to 4k in a much higher range. The boys that are able to flip 10k plus are doing extremely well in the ranges known. Will take serious demand on high volume in a much higher range to cause a real squeeze. IMO that "may" occur over $6.
Just going to be difficult to get there at this point. I would have bought a ton myself if able at the low here, but as one of those in referance I could not not due to funds. As they say - takes money to make money. That is why the rich keep getting richer and the poor keep get poorer. Middle class has no chance against these guys. Playing at a 50$k table with 14k won't get you too far. Not many go all the way with a chip and a chair.
They may not actually own those shares but they more than likely have shorted that many which means they have to cover that amount. So by that they do own them in a sence.
There is no logic to what you say in reality. The lawyers I am quite positive would have wanted to get every dime possible as lawyers do in "any" case as we know. IF the lawyer did actually say that I would like to see an Excerpt of that statement because I don't believe it. They would have bk the co IF they could have and made hem sell off all assets to cover the award. No for the cause of action what was settled was all that it was worth and the fact of the matter as some like to keep this thing going for some reason? Is a fact that the heb insurance co paid it forward and the co didn't loss a dime. We know that to be a fact - NO
Yes I believe the cat = cato is out of the bag. I would like some honesty but that is not going to happen about this issue as suggested by some of the bashers denting and or admitting any connection what so ever to the co by a straight connection or a back door connection. That is asking too much I know. But to me at least the evidence is clear that a vendetta is taking place and has "nothing" to want to do other than hurt the co any way they can.
Now on the other side of this coin comes a different approach and view. One is that they did in fact play a large part in this when this traded up over a dollar and drove it up and sold and shorted at that time. It is not a coinsidende that happened.
Two is they are too stupid to have done so and were not involved with trading at that time at all.
Thre is that they missed that window and did not see how easily it was to make gains and recoup there court expenses. Now any smart person who knows a little would be able to figure out the play here. Try and drive the co down and out, can't do it but really tried with years of pounding and slamming. Now what, get on board by as much as you can and drive the price up to the analysts call of over three and sell. 10 million shares bought today translate to what at 3+. I don't have a phd in math but I would say that equates to a lot of cash. IF you were smart. Apparantley they are not.
These were the guys who and maybe still are the ones manipulating this for real. Make NO mistake about it. IMO am positive that the bashers here are part of that Cato team as well. I could be wrong but I don't think so. With this over for sure and the site visatations today this is really looking very, very good. I am extremely upbeat. Made my day. Having said that, they will keep at it for the vendetta against the co even though the bashings have no merrit and 99.9% all lies.