By my NEW calculations the prop trading short operating in LYC ....the obvious "short of the day" is in really big trouble....15m share volume and by my estimates he is 100% a naked short like IPL yesterday...with the amount of shares he is short (esdtimate 6m) this stock will have to pop 46.5c at least today and maybe even finish in the green as hard as that may seem to believe. Overshorted.
He pushed it down too far by cascading it at 45c. I noticed.
Repeat ...well over 6m shares short today !!! and maybe 2m left over from yesterday...so its going to be big volume day in LYC in the afternoon, considering there is only 2m on screen only to 46c
Under 45c is a great entry point. He will leave it to 330pm to cover though but a lunch time bounce often happens when someone has been a goose.
