The shorts are placing some of their shares up for sale in small increments and in turn buying them at these discounted levels to artificially walk the PPS down. Just ask KOLEDUMP, he is one the people actually behind all this meaningless trading.
Kind of makes you wonder about the timing of the investigation probe huh? Shorts wanted this stock to drop because they new the numbers would be good. This is the only way to knock a good stock down. They switch back to long next week and ride it back up to mid 70's before switching positions again and shorting it back down. You and I make a net of nothing but they make a mint. Rinse and repeat as required.
if the tutes are waiting to pounce on this stock Friday in AH driving the price up to mid 11's so come Monday morning shorts will be in a panic. Think about it, there has been little buying this week, mainly light volume down days. This is the last bear raid before they leave the dark side.
I see some posters saying that shorts will have to cover within the next "X" days. That's what confused me. Maybe they are referring to a potential rise in the PPS which will "force" them to cover rather then wanting to cover. Too confusing for me but was always curious as to how it worked. Thanks for everyone's responses.
Hey when a short position is opened, what determines when the position has to be closed? It seems like each position has a different time frame to it. If that's the case, then why do people constantly say that 15-20 million shorts will have to cover if the stock goes up? When does a margin call override the4 amount of days to cover? Is there a maximum percentage lenders are willing to allow before they want the shares converted?
It's nice when you think something is going to happen and it actually does. We are just about 20% retracement now. Should settle out at this point the rest of the week unless broader market takes it down further.
Love your analysis, is there more? Please teach us oh wise one the fine art of losing money quickly.
Tried to warn you guys. getting close to that 20% pull back as previously stated. Doesn't mean there is anything wrong with the company or product, just the price. I've learned over the years that the charts do tell you something. News is generally slow in the bio tech world. You always seem to have time to sell and buy back in to grab some more free shares.
Never said AMPE was a lousy investment because like I said, I held it just up to a few weeks ago. I said the run up was unfounded and will not last. The recent pull back was healthy but with out news to substantiate moving higher, it will correct itself. I will get back in around $8. If it doesn't make it, ooh well. I'll just keep moving on the next one.
Why do you think I sold on 10/24 because it makes your example look good?? Well you are wrong. The stock went to $11.90 and I booked some profits from that run up. Waiting for a little bit more on the pull back before getting back in. When I sold AMPE I had over 50% profit so I was happy with that. KERX will rule over the next two weeks as news will be flowing at the National Nephrology conference in early November.
I was told that an AH drop usually means an up day on Monday. I guess your wrong huh??
What a dreamer!! You'll be lucky to stay above $9.50 today and you know it. You are just trying to justify that things are okay aren't you. well they're not AND YOU KNOW IT!! HEHE
If you're averaging down at $10.66, you really missed the boat huh?
Don't own the stock anymore. Sold it two weeks ago to get into KERX. The sell off speaks for itself. No reason for the rise, therefore no reason to stay there. Just a short trap for the suckers.
Company was contacted by NYSE about recent price activity. This will plunge fast as longs book profits until this gets resolved. Watch for a downturn late today or in AH.