There are 2,784 stocks listed on the NASDAQ and out of that long list there is only one stock with a higher Days To Cover number than ParkerVision, Inc. and its' number is 69 days. PRKR = 55.37 days. The sheer greed of the short hedge fund is to blame. Much like a drunk gambler at a casino, its' time for Him to be shown the door.
There are now 19,486,887 PRKR shares shorted & the Days To Cover number stands at 55.37. Which is a substantial increase from the last reporting period of 38.12. According to the NASDAQ number of 55.37 it would require the short hedge fund 2 3/4 MONTHS to cover all of their shorted shares. Thus explaining the short hedge fund paid stock bashers posting lies 24/7.
The short sellers are in a real bind.
Meanwhile, the stock bashers hired by the short hedge fund never take a break from typing. They are open and on the job 24/7.
The short hedge fund had to naked short sell or short sell 38% of todays' total volume in order to achieve a drop in price of 1 cent. 106,333 shares were naked short sold by the short hedge fund and 173,491 were bought and sold by the investing public. They do what they must to keep the price down, the sad part of it, (for them), is that at some point it all has to be covered.
I'm wondering what percent of the daily volume the short hedge fund naked short sold today with good news on the legal front. With todays' 153 point drop in the Dow and the 36 point drop on the Nasdaq, PRKR closed down 1 cent.
It doesn't require a Chinese flashlight to understand how the court case is proceeding.
Yes, that makes sense. I feel sorry for the Chinese folks, not being smart enough to understand electrical knowledge. ha ha ha ha ha ha
The short hedge fund has been covering their holdings in 100 share blocks at the asking price, all day long. This is the best indicator of how the court case is going in favor of ParkerVision, inc. Now, that may change but this is exactly what he has done all day. It's now 1:57pm est.
I only wish I could have seen the short hedge fund managers' face at 1:55pm when the stock price shot back up from $1.10 to $1.16 in roughly 90 seconds. He "threw away" close to $40,000.
The up/down ratio is a powerful tool that identifies stocks that have a high probability of experiencing either a prolonged up or down move. It identifies stocks that are either under accumulation or distribution.****Over the past three trading days, the PRKR up/down ratio has been +1.89, +2.81 and Tuesday it was +4.75. One has to look back to March, 4th of this year to find it higher than a +4.75 ! **** It explains why at 1:54pm when the short hedge fund naked short sold 35,000. shares at market, the price immediately came back up. Some large fund or buyer with the inside news is accumulating shares. And, they haven't been doing so to lose money.
It explains why at 1:54pm when the short hedge fund naked short sold 35,000. shares at market and at 2:42pm when they naked short sold 30,000. shares at market the price immediately came back up. Some large buyer is involved.