Re: Clearly manipulation
in response to
by
posted on
Jun 07, 2018 10:47AM
I'm confident of it as well, as I've said....I have "decided" that my shares are going to be worth $10 each, at a minimum.
I put the decide in quotes because the root meaning of the word means to "cut off all other possibilites". When you make a decision you are eliminating everything else.
Thinking logically this makes sense, from the perspective of someone who's short. Let's say there's a player out there who is light 500,000 shares, a little less than a third of the overall short number as of May 31st.
@ $1.30 500K shares = $650,000 then add a 250% excess margin requirement because RVX is a penny stock....that would mean having somewhere around $2 million tied up in a margin account. More than I can afford certainly, but there are plenty of heavy hitters out there for whom a few million is considered a small amount.
So let's assume that instead of some short players stepping on this news as I suggested they would in my "Cramer Post"....let's assume they let RVX lift and that it quickly started trading at $1.50...
That could have lead to longs gripping their shares tighter, it might even spur some to chatter with friends, colleagues...."look guys, the stock I've been telling you about, RVX...its moving higher on news about Apabetalone treating HIV".
That kind of thing can snowball, especially in this hyper connected world. If you were short a sizeable number of shares would you not do what you had to do to stop it?