Wall Street maintaining control of this. With no uptick rule it is easy to manipulate an equity down. Here the Hedge maintains control simply because they want every share they can get at the lowest price possible. Those down low here sold provide a great entry and a great price to pay for borrowed shares. If you had the power and position to do that you would too.
Keep in mind that this is a replay of keeping a lid on any lift that has played out numerous times. Volume stepped in ahead of the Ads that came out. Today they are here but are smart enough to probably wait for the revisit of near term lows by the Hedge. Volume provided by Institutional players is what will sustain a move here only. The over cooked short position, the steady flow of bashing articles, the lapdog bashers here 24/7, a complete silence by all analysts or any major Wall Street player are all indications they want your shares.
Know that VVUS with Q are polar opposites of this equity in quality and financial healthiness yet they continue to be propped up. While this one is treated like a stray dog. No embracing by Wall Street will occur until they are satisfied they have every share they can get at and or the cost to hold this does not make sense. Until then know that what you see being put up to make the market no Institutional player looks at as shares available for sale or for their cover.
Kutz they need a mass exodus to cover. The process they have done here didn't alleviate their position but just moved it down. They may have been covering over the last week but face the inevitable task of buying back at least a large position of the shares short to reduce their risk.
They revisit the MCAP and cry about its lofty spot in relationship to the now income failing to recognize that retail along with the Institutional long position also know what exists as they do in the future plus pipe. They use such a low grade of bashing that any reasonable player here would scoff at their posting as gibberish from illiterate street trash.
My guess is this continues until script numbers, news stories, DTC and the process plays out. Eventually time and facts move the MCAP up to reflect what made the long Institutional positions buy at levels higher than this.
The volume is less than 1% of the total outstanding. No shares on the ask except for those creating the market. They have the power to take this to the 5's in a heartbeat but have no desire to break the equity down as is the courtesy here as they work to get at retail. The trash continues their 24/7 help to remind you there is no worth here and out of the integrity they show are warning you to sell to them so they can save you?
6.12 is the key spot. There must be substantial buy orders in that area for them to be hovering here instead. They are hoping to get those waiting to lift their orders tom this level before they get it there. JMO. Be patient and know this show being staged by Wall Street is to get at what you have. They are stingy, greedy, deceptive thieves that know no limit to what they are willing to do to create the opportunity to get at what you have.
In a year the Hedge still has 65 million shares short, the Institutions have gone form 11% ownership to 47%. In the last six months the percentages haven't changed indicating that the Hedges efforts have done little to drive retail or Institutional players out. They are stuck now with 65 Million to cover and share volume that could be 50% or more fluff trades made to make you think there is a market that is active. No one is selling peeps.
sameasz you seem like a real trader. Where did you get all your Market Knowledge? How come you have it all and your ID still has wet paint? Get yourself a tent and a ice chest. Go find a nice tree to sit under. Collect some firewood. Text me when you get settled and I'll bring you some soup as you wait out the 3.89 price. I heard this is the year Hell is suppose to freeze over.
Calm down moroon. You are not alone. There are others besides your 100 shares short. Another 64,999,900. They have to cover also. maybe you can cover tomorrow or the next day. Just don't wait for Instiotuional Short guy. He won't wait for you IDIOT BOY MOROON
Hi board trash boy moroon. How does it feel to be relegated to MB Basher Boy? Look they can take it anywhere. There are no shares for sale ignoramus. Not even you can buy a share except those for creating the market here idiot. Its at $6.30 Idiot and the volume hasn't increased. Do you get it yet. NO SHARES FOR SALE.
Let me remind you frickin idiots that in order to cover you need someone to sell. You have 65 Million Shares to pay for at our price around $20 and up. Get it there and we can get this deal done. Until then pay the interest and work your azzes off trying to keep people from stealing the market makers shares. Its all over except the squeeze idiot. Now take it down through $6 and lower and let's see what happens.
There is not a snowball chance in hell they can create a window of shares large enough at these levels for cover. It takes two actions for cover to take place. A spot low enough to make money and sellers in a volume enough for cover. With a hands off notice on this for all Institutions and no shares for sale except those being used to create the market there is little problem for the Hedge with its machines and power to set a trend line that keeps traders away and takes this to its historical yearly lows. They can undercut the bid and flood the market with shares they sell as options. Now that they have it here there are still no shares for sale? There are no stops just buy orders from the $6.12 level down waiting. I think its over for them.
They got it low enough to make money peeps but it does them no good. No-one is selling? Unless they keep the nose pointed down they will get buyers creeping in along with the tag-along short sellers covering. Time is up un less they push it lower. If they go lower look for the buyers and volume to push it up.