Imagine yourself as a hedge fund manager with a very large short position in PRKR. (There are 19,735,300 shares short, and at $1.47 the value of that short position is roughly $29,200,000.) The hedge fund manager lives in HORROR regarding any event that could move the stock up. He knows the chart technicals make PRKR a "screaming buy" and then, God forbid, the CEO plans a meeting on a certain date with Wall St. investment bankers in New York City. There's only one thing He can do. The hedge fund manager is prepared and stands ready in engage in a program of naked short selling on the day of the meeting. And He works his plan causing the stock to drop nine cents. NOW, the hedge fund manager has to scramble after the naked short sales to find shares to borrow ! How do we as longs fight this? SIMPLE ! Just place an order for your long position to sell at some outrageous price, say over $6.00. If we do this it will place an enormous "pothole" in the best laid plans of the hedge fund manager. Because you cannot borrow shares for short sales that are for sale. It's funny, because different comments have been posted after the close today on message forums the read like, "Hey, can't You guys read a stock chart?" Well, the hedge fund manager can and He was ready. Now, he has to find shares to borrow.
I find it funny that every time the stock drops a-bit the paid stock bashing crew are one the job, but when it goes up you are nowhere to be found.
Yes. I amazed when I sit and watch level 2...why would anyone want to sell at this point? Short term greed versus patience and wisdom, I guess.
Their Boss is very, very worried.
Then an explosive move to the upside.....
FIRST: The CEO knows the truth about PRKR's legal position and it will be revealed on Tuesday in the meeting and probably through a press release. What has been posted on this message board is nothing but pure speculation. And, SECOND: Every technical indicator that exists points to the fact that this stock is going up over the next week.
Up 10% today. Stock makes an MACD Crossover on Monday. CEO holds a conference on Tuesday, probably with a press release. And, a very, very large short position ; 21.03% of float. AND, the whole team of hedge fund paid stock bashers on this message forum to prove how worried the hedge fund manager is. Even AmericanBulls gave us a buy rating today & Nasdaq's Stock Consultant gave us a 100% bullish rating at the close of trading today. Going to sleep well and have a good weekend.
He will just switch Id's for 3 days and keep getting paid to bash. None of them have the courage to admit they're wrong.
Think of your families.
It would tend to fit together after todays' price action.