Since very few shorts have covered, clearly they have no direct economic interest in OLED. One can only concude that the shorts primary motive is controlling the price. The SEC needs to order long/short hedge funds to halve their manipulative holdings in OLED. This would not affect the price if shorts were covered with longs, and would increase liquidity and make for more orderly tradng.
NO ONE wanted to invest in OLED with 2017 patent cliff lie that the shorts kept pumping. When the patent cliff lie was officially debunked SUDDENLY EVERYONE wanted in, but there were hardly any shares available because the short/long stock manipulators and thdeir price control scheme tied up 8+ million shares of the already small float of 32 million or so. The long/short manipulators are still haven't changed their short position much despite the doubling of the stock price in two months, further proof that the shorts were being used for price manipulation. SEC please investigate the shorts in this stock, I would think the SEC wants fair and open trading of stocks, unfair manipulation and disorderly trading breeds contempt and mistrust of the overall stock market.
I'm convinced the way Wall Street really works is that the early investors take on all the risk, and are rarely but occassionally rewarded with a ten bagger. At which point some sort of financing takes place (to produce the product) and all the early investors are forced (manipulated) to the exits as the next stage to a profitable company takes money and a few years. This is when the manipulators work their magic and Wall Street bankers replace the early investors. Bankers avoid the early high risk of investing and get to reap the massive rewards of the next lower risk increase in the share price. Just look at who holds OLED now compared to who held it 5 years ago. Its mostly institutions now. Where did all the retail go? Mostly gone.
You know that old yarn, "Bulls make money, bears make money, but pigs get slaughtered"? The "pigs get slaughted" are about retail investors, the early, too smart for their own good, investors who get greedy and want more than the ten bagger that Wall Dtreet allows them.
If one survives the retail slaughter phase, one shouldn't expect the same slaughter to happen again. Not to say a different type of slaughter couldn't happen. Maybe its a human pscological failing that people are so strongly affected by the latest bad thing that happened to them (examples, the Great Depression, the 2008 market and housing crash) that they assme it will happen again. It usually doesn't.
They still have a share lending business. The shorts are getting lent shares from somewhere. Do I know for certain mine are lend out, nope, I dont know this and I never will. I suppose it would be easier to put in an infinite $200 sell order but quite honestly I dont trust bankers to follow their own rules.
Fidelity probably lent my shares out to short sellers. But my account still shows I own those shares. If I sell, Fidelity MUST cover those shares and deliver them. Fidelity is truly "short" the stock, not necessarily the short sellers who may be mostly hedged.
I'm kinda thinking of selling my Fidelity OLED shares and buying same the amount in another account at the same time just to screw with Fidelity. The deserve pain for lending shares to criminal manipulators.
FYI so no one clicks on his garbage site, his website was 100% anti-OLED for a couple years, now he has some useless articles on lumber liquidators and a few 1 year old anti-OLED junk articles below the fold. Looks like he is phasing out of OLED.
I don't want a stock split, with so many shares short and the low float I'd prefer to keep the shares scarce and hard for shorts to find. No need to split the stock for us long term OLED investors, more shares benefit traders and shorts, and OLED is an investment not a day trade. Let not make more shares by splitting the stock or, worst of all, dilute the shares doing a cash for shares deal with Goldman (hello another around of massive share manipulation) or Fidelity (don't bail them out of their losing short loans).
I'm not a high paid Ivy League genius like you guys but lending out millions of OLED shares to shorts doesn't seem like such a good business plan these days and I would suggest considering getting out of the OLED share lending business.
If 8.2 million shares are short and we assume they are hedged with an equal amount of longs (because of themanipulation scheme) aren't those longs effectively "locked" to the shorts and not really available for trade? So the effective share float is not 33.6 million but is only around 25 million shares. Isnt that a pretty small number of shares available for a stock like this?
Its stunning that the undisputed display leader is NOW being described as a dark horse, it just shows how successful the stock price manipulation industry has been keeping OLED under control. Congratulations OLED price manipulators you really outdid yourself.
Removing a watch band 5 times a day would be a massive pain.
But Tim Cook just said OLED display was "awful" how do you get from awful to "beautiful, Gorgeous and Brlliant".
Someone needs to ask Tim why he decided to put an awful OLED display into the iwatch, and if it isnt awful anymore then why isnt it in the iphone?
Or maybe he was just lying when he said that oled displays are awful (most likely).
Lets not forget OLED is still under manipulation, Apple not mentioing OLED wll just be par-for-the-course dirty play, I expect more dirty play, dirtier dirty play, there are people whose lives are devoted to coming up with dirty play ideas, there has always been dirty play thats why I expect more dirty play.
Congrats for finally coming to the conclusion that OMEX has zero value for an investor. Omex does have value for management, insiders, lawyers, governments, bankers and some stock traders, but for investors ... zero value. Everyone gets paid before the investor. The stock price is slowly reflecting this. OMEX is toast and this is a good thing.
Wow another flat chart today and most of yeaterday. Just remember the short manipulators will not "buy" (cover shorts) all at once, instead they will spread it out. Why, because they collude and because they can. They will not admit their guilt all at once, because deny and delay is a better option for liars and cheaters (thanks Mr. Clinton for that wise advice!). This is getting interesting. If you are inclined to be long for good reason don't let these flat spots bore you and manipulate you out of a position.
The flatness in the OLED chart March 3 and 4 is something you sometimes see before a buyout. From memory, I believe it is similar to the chart before Pfizer bought out Hospira. Why does chart go flat, I dunno, maybe stock manipulators can get longs to think the stock is boring and get longs to sell before the price runs up. I think this time its not a company buyout but its the shorts who have to buy themselves out of their positions ... Maybe Fidelity is calling back their shorts and the shorts know this. This could be the "buyout" in the works. 25% to 30% of OLED is short so why hope for an Apple buyout when you can get the effect of a buyout and still keep control of the stock.
Manipulative shorts got OLED down 10.01% for one second on Friday lol.
Theory: OLED is a highly manipulated stock, perhaps the most manipulated stock on the planet.
Hypothesis: If OLED is a highly manipulated stock then I should be able to make predictions based on past manipulation. It is likely that past manipulation will be similar to future manipulation because it is difficult to change the rules of manipulation on the fly without getting caught. So based on past manipulation it is reasonable to predict OLED will be down 10% on a headline "miss" even if the miss is small or is actually a beat.
Observation. OLED was down 10.01% for one second on Friday a few hours after I made my prediction. It was more of a grind than usual but the manipulative shorts made it and lived up to their rulebook. Congratulations manipulative shorts!
Conclusion. Hypothesis confirmed, OLED is a manipulated stock. There is little chance such a prediction could be made by chance if OLED wasn't manipulated. Recommend continuing to declare OLED a manipulated stock on a regular basis, also recommend making other new and diverse predictions to confirm coninued stock manipulation.
Rule 4: Make the enemy live up to its own set of rules. If the rule is that the stock must go down 10% immediately on any bad news, mock them when they can't meet their own rule.
"Battleground stock" means trading longs are blown out by immediate -10% move on any bad news. Its a standard technique of manipulators. OLED really needs to be down -10% to retain coveted "battleground stock" ranking. They can't let longs hang around or the manipulation is over.