Why didn't they do it today? A nice down day would have been easy to slam it with rest of market on light volume. Closed pretty much flat the last 4 trading days. Honestly, this thing can go either way easily on light volume. Just don't bet the farm and be in control of one's greed and fear. If your position is not to big, you can handle the swings against you and wait it out. As soon as you buy, it goes down and as soon as you sell it goes up!!!! Computer trading.
Earnings out beginning of Nov sometime. Any good news should drive this higher. Just have to have some patience. Once the hedge funds have to cover, this is going to move. If the overall market takes off and this gets any positive news, I believe this will be a profitable trade. I believe they have been pinning this stock selling the calls and the puts keeping it range bound so both calls and puts expire worthless. Large open interest on both the Oct. 15 calls and puts.
These boys have some deep pockets!!! To buy a large position that can trigger a squeeze that makes your deal immediately lucrative is nothing short of brilliant!!!! Think what this means people. Shorts are going to try to talk this down. Use your head people. Volume is leaving a crumb trail to the pot of gold.
Shorts have to come to reality that BTH is possibly in serious discussion with CVSL in achieving a mutual goal of increasing shareholder value. They both know the potential squeeze that will be unleashed. When all the stars align. Shorts are going to have to cover before more details are made public. Once cat is out of the bag, shorts are facing heavy financial losses!!! Stay the course for this one.
This stock can be moved up and down on light volume. So don't be fooled on pullbacks on light volume. That is just to make you feel uncomfortable. Give this several months to play out if necessary. Control your risk on how many shares you are comfortable with. When shorts panic, this will really move. If someone is trying to acquire a piece of this, they want to spend as little as possible. They also can help generate the lighting of the fuse for the shorts. This can be orchestrated at any time with a large purchase. Hedgies like to find situations like these. Blood in the water also attracts new money as well as day traders that can help propel upward! Let's see what happens.
17.08 - 22.16 Fib levels. 14.60 - 15 range looks like some old demand turning into new supply. However, this is not a normal situation. If shorts are using these levels, they could be seriously depressed if we get close to these levels and then gap up around their STOP orders on open one day. Then the panic sets in.
HMS Ark Royal's biplane Fairey Swordfish torpedo bombers took the Bismarck out like any good news will sink the Shorts! Hope you are sleeping well at night! No conspiracy theories, just have an understanding of how the hammer's manipulate the market. Tsk, tsk, naiveté!
I think new position being acquired in open market. MM's have more of a difficult time manipulation of larger blocks. If someone is acquiring new 5% stake, they stand to help trigger a short squeeze at these relatively low prices with large upside potential. Announcements and positive news with new investors with deep pockets are a shorts nightmare. If you live in NY, go outside and stand at the bottom of the Empire State Bldg. Now, look down at your shoes and then hold your neck all the way back and look up to the top of the building. Those are the potential losses one can incur when shorting a stock and it goes against them. Theoretically, the sky is the limit on losses, and their shoes are there potential gains, which is limited to 100% of their short position going to zero!! Pay attention to volume!!!! Of course, news can always be manipulated! Don't bet the farm. Anything can happen in this casino. Don't play with money you can't lose. I know you've heard it before. Just a reminder, as tempting as it is!!!!!!!!!!!
No volume to speak of. Big volume in either direction can move stock. With extremely high % of available shares shorted, doesn't seem logical high volume to the down side. On the other hand, good news, divi coming up, it seems this could be sent higher. Anything is possible. Just my opinion, shorting at these levels is extremely dangerous.
Shorts hope there is no more buying, longs hope there is no more selling but MM can wipe out the bid quick on light volume as well as take out the ask to drive the price higher. To me it looks like short time squash at 12.18. Until expiration of 12.50 and 15.00 options, range looks like 11.30 - 13.25.
MM in control. You don't have enough to move the stock. Who do you think shorted this stock, Joe lunch box, or the BIG BOYS?