Yesterday, SportsQuest, Inc. (PINK:SPQS) changed the world for its shareholders. Those who had short position rejoiced at a 75% decline in the share value but the long positions were wiped out in a matter of hours.
Yesterday, SPQS shares went from $0.14 to $0.0349 on a volume of 2.8 million shares. The official website of FINRA indicated that 1.626 million shares were sold short the same day or nearly 64% of the total trades.
SPQS crashed down even though it announced that the company had acquired...
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Yesterday, ValCom, Inc. (PINK:VLCO) gained 76% to $0.022 on enormous volume of 6 million shares, a couple of times higher than the 90 day average. The short activity was marked by a 2.4 million shares in short volume or nearly 40% of the trades.
The company made this considerable price jump on the announcement which was promulgated two days ago. Then, VLCO said it had completed the second phase of the audit and appraisal of its content library. The audit was executed by DOS Broadcast and Appraisal...
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Timeshare Holdings Inc (PINK:TMSH) was included yesterday in Wise Alerts' watch list for Thursday. The promoter hinted that a possible break out was possible based on the current chart configuration.
Wise Alerts admitted it owned 100 thousand shares of TMSH which were purchased at an average price of $0.07. Yesterday,TMSH shares stopped at $0.072 after a 10% decline. Now that the stock is near its support level the promoter had apparently sensed it was the right time to give a helping hand to the stock.[BANNER]
On...
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News on a prospective acquisition of a large manufacturing facility was supposed to send the stock of Pharmstar Pharms Inc (PINK:PHAR) flying. Yet, what happened during yesterday's trading session was just the opposite.
More than 2.4 million shares of PHAR stock changed hands, slightly below the 2.58 million that had been traded last Monday. However, while the volume generated on Apr. 25 was accompanied by a 34% price gain, Wednesday's turnover resulted in a 16% decline in value. As a result,...
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