posted
Great West Gold, Inc. - Squeeze Trigger Report Tuesday February 21, 8:32 am ET SqueezeTrigger Price is $0.0006. Approximately 1.59 billion Shares Shorted Since January 2005 According To ********** Research Report
NEW YORK, N.Y.--(BUSINESS WIRE)--Feb. 21, 2006--Great West Gold, Inc. (OTCBB:GWGO - News) announced on February 16, that www.**********, is initiating coverage of Great West Gold, Inc. (OTCBB:GWGO - News) after releasing the latest short sale data through February 2006. From January 2005 to February 2006 approximately 20.59 billion total aggregate shares of GWGO have traded for a total dollar value of nearly $12.35 million. The total aggregate number of shares shorted in this time period is approximately 1.59 billion shares. The GWGO SqueezeTrigger price of $0.0006 is the volume weighted average short price of all short selling in GWGO. A short squeeze is expected to begin when shares of GWGO close above $0.0006. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://**********/squeezetrigger.pdf.
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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A short squeeze is a speculative trading strategy that is sometimes observed when a security has been heavily sold short. Recognizing the situation, speculators start acquiring the security, driving up its price. As the price rises, short sellers have to post additional collateral for their borrowed securities. This puts pressure on the shorts. Some won't have sufficient collateral to post. Others will simply decide they don't want to hold a position that is losing money. Either way, those shorts close out their positions—buying the securities in the market and returning them to the parties who lent them. By purchasing the securities, these quitting shorts drive the price higher, putting more pressure on the remaining shorts.
In a short squeeze, the price of the shorted security can rise above levels that anyone might otherwise consider reasonable. The squeeze becomes a battle of wills between the shorts and the speculators who are squeezing them. If the squeeze succeeds, the shorts will be forced to buy the security at unreasonably high levels. The speculators who forced them to do so will sell at those elevated prices and pocket a profit. If the squeeze fails, the price of the security will fall. The speculators will suffer losses on their long positions and the shorts will profit—or at least not lose their shirts.
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
looking nice and steady, with bid still building, im hoping we see a surge of buys going into the bell. IMHO traders are waiting to see if there will be a sell-off
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
gonna gap incredibly hard, AH volume with TRAC on the bid HUGE still, he came on the bid of .0007 at 4:03 for a size of 9000 (all other mms are carrying sizes of 50)
Im going to say we gap to 9 and we print 15 by mid morning
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
lol, I should preface all posts by saying "This is not an offer to buy or sell securities. The trading of stocks carries with it an inherent risk due to a variety of market factors." lol
see you all tomorrow
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
well since we closed with the bid up to 7 and ask at 8, im thinking that we might see a nice little run tommorrow, I am going to hope that we get a pr to explain this 3billion volume day, and if we do more then likely it will run to the .0010 resistance.
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quote:Originally posted by 10of13: Lostone...given this..what is your thought on the out price?
It does have a chance of getting to the .002's .. however most ppl will sell around the low to mid .001's tomorrow b/c most ppl bought at the .0006 or below..so depends on the trend tomorrow, if it's looking good, i would hold til the .002's .. but if not, might as well jump ship like everyone else.. and buy on the dip.. overall, i think the MM's are gonna let it run tomorrow.. see how it was today, they held it at .0007 stable.. they wouldn't let it go higher at stable price.. i would think they're accummulating so that they'll let it run and sell off.. so i hope they're extremely greedy and let it run higher than i think..
posted
A huge runner here today. im in at .0003 and .0004.
FYI for everybody. I see people asking if a big PR is gonna come out or something. NO.
These Super sub pennies are being run. The market is hot. Get in, and get out. Take your money and run. Dont fall in love with these stocks and look for PR's, they are being run because the market is hot and money is to be made.
That being said, it closed with momo, and i expect it to gap at or above the .001 resistence, much like today with ivoc and adot.
Congrats to everyone who got in early with this one.
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call
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