re: Ann: EIS Approval for the Springsure Cree... If the shorts...

re: Ann: EIS Approval for the Springsure Cree... If the shorts start covering it will move up a price point every few hours. Personally I doubt they will as those shorts probably belong to one of the market makers who artificially sets the price on this stock with their algos.

On the weekly chart you can see they built their positions above 30c for the long term so they wont feel even a tinge of panic unless this moves past 30c, and with blanket control of price setting with algos, it would be hard to take control back unless a very large fund steps in and starts buying which is unlikely in this market...