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.
Beginning at 11:47 am est the hedge fund computer trading began placing 100 and 200 shares programmed trades every 45 seconds or so at the bid price and that computer program continued until the market close. Probably illegal naked short sales, but what can an individual investor do? PRKR management seems to be perfectly content with allowing this to happen. It's beyond my ability to fathom their complacent attitude.
Place your shares for sale at a much higher price($4. $5. or $6) and then your shares cannot be used for shorting
$4.0 $5.0 and $6.0 they can't use shares that are for sale
PRKR will continue to trend upward. The up/down ratio was a +2.22 today. Meaning that for every share sold today 2.2 shares of PRKR were purchased. SECOND: PRKR broke through the upper trendline that we have had since 6-24-14. Very bullish. THIRD: There are over 19 million shares short, over 21% of the float SHORTED ! What happens to the stock price when 1 good press release comes from the company?
over 19 million shares short.....all we have to do now is sit back and enjoy the ride.
Well, I have to go now, as I have some concerns back on planet Earth where there are still 200 shares at $1.45
Before the market opens place a sell order for a very high price, say $4.00, $5.00 or $6.00. Any shares that are offered for sale cannot be used for the purposes of shorting. Why make it easy for them?
Correct, BUT WE MUST PLACE OUR SELL ORDERS AT 4, 5 OR 6 DOLLARS TO KEEP THE SHORTS FROM USING OUR SHARES. Any sell order will result in shares that the shorts cannot use.