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  #1  
Old 05-09-2019, 08:15 PM
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well that's good...but doesn't seem to be affecting bidding on their auctions!
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  #2  
Old 05-09-2019, 08:15 PM
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well that's good...but doesn't seem to be affecting bidding on their auctions!
Of course not. The Mantle doubtless will go for a world record.
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Old 05-09-2019, 08:19 PM
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Of course not. The Mantle doubtless will go for a world record.
CLCT broke out to a new 52 week too.

https://www.stockcharts.com/h-sc/ui?s=clct


This isn't going to slow either down anytime soon.
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Old 05-09-2019, 08:20 PM
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CLCT broke out to a new 52 week too.

https://www.stockcharts.com/h-sc/ui?s=clct


This isn't going to slow either down anytime soon.
I just had to laugh at the guys on Blowout talking about shorting it, I mean come on how naïve.
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Old 05-09-2019, 08:22 PM
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I just had to laugh at the guys on Blowout talking about shorting it, I mean come on how naïve.
They better be careful. This is a low float stock that has no liquidity.

If someone smells blood they could destroy some shorts in this stock.
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Old 05-09-2019, 08:24 PM
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They better be careful. This is a low float stock that has no liquidity.

If someone smells blood they could destroy some shorts in this stock.
More likely just a few giddy millenials drunk on their own perception of their influence, who are just yapping.
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Last edited by Peter_Spaeth; 05-09-2019 at 08:24 PM.
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Old 05-09-2019, 08:25 PM
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More likely just a few giddy millenials drunk on their own perception of their influence.
Haha

Yep.

Virtue signaling shorting.

The make believe kind.
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  #8  
Old 05-10-2019, 08:39 AM
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This is a low float stock that has no liquidity.

If someone smells blood they could destroy some shorts in this stock.
I read and write pretty good but I don’t understand either of these sentences. Something to do with urine and pants?
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Last edited by Exhibitman; 05-10-2019 at 08:40 AM.
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Old 05-10-2019, 09:12 AM
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I read and write pretty good but I don’t understand either of these sentences. Something to do with urine and pants?
Just look up the differential diagnosis of hematuria associated with renal failure, Adam.
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Old 05-10-2019, 09:23 AM
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I read and write pretty good but I don’t understand either of these sentences. Something to do with urine and pants?
CLCT is a very illiquid stock. It only trades on average just over 55,000 shares a day. The current short position is only 38,570 shares as of the last update so roughly two thirds of the daily average volume. That said there are days where this stock has only traded 13,000 shares.

This is a very small short position but if someone tried to put on a much larger short position and then a fund decided to put heavy buying pressure on the stock they could make it sky rocket and create a very serious short squeeze.

If you look at the stock right now the bid and ask are only showing 200 shares on each so the largest market order you can use and get the inside bid or ask is 200 shares. Nothing. To put that in perspective if you wanted to buy GE you could use a market order and get 45,000 shares.

Low float stocks that are heavily shorted are prime targets to try and manipulate higher with constant buying pressure. When a stock is sold short it represents pent up demand because the only way to exit the position is through a buy order. If someone is pressing it higher the shorts begin to lose and at some point just like in MMA they tap out and have no choice but to buy further exacerbating the scenario. Short squeezes can be violent.

Moral of the story a terrible stock to short because you can't get in or out easily. Even if one doesn't like a company they need to look at the short interest and trading volume to get a feel if it is a good short candidate and CLCT isn't.
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