looks like support has been pulled from the Buy side as mentioned in this thread and now the stock is not looking healthy as an advancing stock should look .
Manipulators are now short covering that is to say they are Purchasing securities in order to close an open short position. This is done by buying the same type and number of securities that were sold short.
Most often, traders cover their shorts whenever they speculate that the securities will rise. In order to make a profit, a short seller must cover the shorts by purchasing the security below the original selling price.
they will support the stock again by placing bids at lower support levels to look as if the stock once again is strong and start selling again but only slightly never stoping the rise manipulating the price higher, when they have have reached as high as the stock will go again they will short the stock .
This process will continue until they cannot control the price anymore then they will will exit the stock .
and move on the next one
NMR Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
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