Thursday, September 17, 2009

How desperate are the shorts in Gannett?

Did anyone watch yesterday's late afterhours action in Gannett? Where these shortsellers sell shares from one buddy's account to another to get a low afterhours print?

To supposedly make market players think there is some news that they have missed?

So now, I need to bring it up, because when you play games like this, it means you are desperate.

The stock closed at 10, yet these jokers made these prints to make it look like the afterhours closing price was $9.27.
18:59 $ 9.27 200
18:59 $ 9.27 200
18:59 $ 9.32 1,000
18:32 $ 9.225 100
18:32 $ 9.235 100
18:32 $ 9.22 200
18:32 $ 9.20 200
18:32 $ 9.21 200
18:31 $ 9.24 200
18:31 $ 9.235 100
18:31 $ 9.26 200
18:30 $ 9.27 200
18:30 $ 9.26 600
18:30 $ 9.22 100
18:30 $ 9.22 300
18:30 $ 9.23 100
18:30 $ 9.24 100
18:30 $ 9.24 300
18:02 $ 9.83 100
18:02 $ 9.82 200
18:02 $ 9.82 200
18:02 $ 9.84 100



Do you want to know how desperate the shorts are in Gannett? Just check the short interest. Over 44 million shares.

How tight then, is the noose getting on them, when they have to resort to games like this?
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6 comments:

  1. AnonymousSeptember 17, 2009 at 10:58 AM

    DPTR was the same way after hours last night. Aloca also.

    ReplyDelete
  2. PalmoniSeptember 17, 2009 at 11:16 AM

    I didn't see that in AA. Thanks

    ReplyDelete
  3. AnonymousSeptember 17, 2009 at 11:33 AM

    do you have a recommendation for BCRX? getting beat down hard here....was wondering if it was worth holding or just take the small hit and try out the shippers. Thanks

    ReplyDelete
  4. AnonymousSeptember 17, 2009 at 1:29 PM

    Wild action in GCI

    ReplyDelete
  5. AnonymousSeptember 17, 2009 at 3:58 PM

    P, Of the shipping stocks you recommended, would prgn be your top choice?

    ReplyDelete
  6. palmoniSeptember 17, 2009 at 4:06 PM

    I think PRGN is the safest of them

    ReplyDelete