He doesn't have one the purpose of the post was only to direct attention away from the fact that the stock is going up.
Every company does this and is it the norm. It must come as a huge shock but we don't live in a perfect world.
The nasdaq stock consultant page give this stock a 95% Bullish rating for the start of trading on Friday. Which is rather rare for them.********26.3% of todays daily volume, (73,084 shares) were naked short sold or shorted by the short hedge fund folks in a futile effort to keep the price from rising.*****12,716,882 shares are shorted.
A BIG BIG BACKER is not needed. They have $73,600,000. in cash and zero debt. I just laugh at claims by the hedge fund paid stock bashers that the company is going bankrupt.
Meaning there are only 3 stocks with higher Days To Cover than ParkerVision, Inc.
not one share has been sold at that price. The stock closed at $1.09.
51.72 Days To Cover number. 18,964,643 PRKR shares shorted. Today 26.3% of the daily volume was naked short sold or short sold, roughly 266,650 shares.
And, we still have a 55.37 days to cover number with 19,486,887 shares short.
I guess they just like to pick a number and stick with it.
Both the dow and nasdaq were going up a little too fast.
At 11:54 am someone purchased 50,000+ shares of PRKR "at market" which sent the price from $1.24 to $1.32. And, if usually if you wanted 50,000.shares a prudent individual would buy them with a series of several limit orders, just to keep from driving the price up. It leads one to speculate why anyone would make such a bold move without knowledge of inside news and why they would want them "at any price". The short hedge fund then went into a state of shock and ended up naked short selling 45.2% of the daily volume or 287,029 shares, just to drive the price down until it closed with a 2 cent loss on Friday.******About the same time, perhaps the same party purchased so many Jan. $1.50 call options that the call options were 1,701% of the average volume. Why would they do such a thing? Certainty of inside news?******I don't remember if I've mentioned it before but PRKR, has the 2nd highest Days To Cover number on the Nasdaq, 55.37 days with 19,486,887 shares shorted, according to their figures.
Well, it's a good thing you have no worries there, paid stock bashing guy. ha ha ha ha ha ha ah (cough, cough) ha ha ha ha ha ha . Good Lord.
The total volume shorted over the past two days alone have been 562,299 shares.
Tries to block with 302,000. shares. That's all he has.
55.37 Days to Cover number and 19,486,887 shares are shorted.
For many days during pre-market he has place 20,000. shares on the ask at $1.43 to try and "scare away" buyers, but today, he has placed his 20,000 shares at $1.34. I love it when they act so desperate. Of course, if even 10 shares sold at that price, in one fraction of a milli-second the ask/size would probably drop to 2000 shares ! It's all a game with them.