Over the past several weeks total daily volume is dropping or trending downward, while over the same time span, daily short volume has been increasing. A major short squeeze is the only result. The short squeeze could happen on its' own or be the result of positive news being released-but it is coming.
You probably looked down and thought that shorting was the natural thing to do given your lack of attributes.
This will fly when the market turns around a bit later today
A thousand knife cuts? Ha ha ha ha ha . Anthony, you posted this about 1 am. You must have been watching some scary movie at the time.
The days to cover number is a measure of how many days it would require for all of the shorted shares to be covered or bought back, given an average daily volume. If we look at only the past 5 trading days, there was an average daily volume of 1,280,320. 20,037,505. (divided by) 1,280,320. = 15.65 days. Meaning if were to be one positive press release regarding the company and a short squeeze occurred, then it would take over 15 days of buying at the ask, (with average volume) to cover all of those 20 million plus shares.
Maybe He has less control than I thought. His programmed trading throws 100 to 200 shares at the bid every 40 seconds to bring the price down. But what happens when that many shares are not enough?
a technical indicator known as Momentum went positive today at 102.31. THE FIRST DAY since the big drop from trading at $5.00. Can't understand why the short hedge fund manager would allow the stock price to rise toward the end of the trading day?
Once again, 100 to 200 share blocks are sold, (naked short selling?), at the bid every 45 seconds or so. PRKR will only go down today unless some significant news breaks. Talk about 1 person with 100% control? Wow !
Very Simple. The short hedge fund manager that controls the price cannot allow the price to rise despite higher than average volume that occurred after hours. As a short hedge fund manager this person cannot lose control.
The only reasons they don't take it down to 5 cents in the next 3 trading days is that it might lead to legal problems for them. And, it's a real shame they have the means to do this. Good little company too, zero debt. Every now an then the hedge fund shorts allows this to go up a day or two. But only to keep them out of "hot water legally and to not attract the attention of the SEC.***43.4% of todays total volume was shorted stock. Beginning at 11:47am est the hedge fund computer began placing 100 or 200 share trades every 45 seconds or so at the bid price and the computer program continued until the market close. Probably illegal short sales but what can an individual investor do? PRKR management seems perfectly content with allowing this to happen. It's beyond my ability to fathom their complacent attitude.