SCLW- Pullback continuing?

I think everyone saw a pullback coming, but were hoping it would not pull us back this far. After nearly 400% gain in a month, this is expected. I guess thats why they call it free markets.....

Obviously you can see some of the pullback being profit takers stacked with some short sellers, but I also see the institutional buying pulling back their support. I would guess they are pulling the rug from under the sellers hoping to get cheap shares. Its a common tactic of Market makers. With bid support dwindling under very little pressure, thats what it is. Its a long term tactic for traders.

I would not be surprised if the short interest, which was only 1600 shares recently, is now above 50K. Its opening some great opportunities for people to get somes shares again cheaper. Many had felt they missed the great prices when we were trading above a $1, but here we are again.

Looking for Friday to close out the week strong and end the news worthy week even or up.

SCLW- Another good day Tuesday?

I predicted Mondays run up earlier, and am going out on a limb to say we should see another big day Tuesday. Im thinking we will break $1.10 on over 150,000 as momentum continues. I think we have a few short sellers stuck in their positions to help seal the deal. Short sellers will generally always come in on a nice run like we have had. Now they are just getting squeezed. Now if short sellers get momentum, we could close down. Lets hope for the former.

Short interest- SCLW- Socialwise

Its situations like this when you really want to see some short selling. With so much buying taking place, short sellers would only help our cause. Called the short squeeze... (If you dont know what Short selling is, please reference this "Short Selling" posts).

Short selling is all but gone from SCLW. According to the records, there are less than 5000 short right now, maybe much less (info is 3 weeks old. If we can maintain this, and build shareholder confidence to continue to hold, we could see movement not seen in a stock in a long time. I like our chances...and I will parallel SCLW with another company that you have heard of later.

Short Selling

One interesting observation is that we are not just seeing normal selling with IDAE. Some of it has been short selling. As of last week, short interest has increased on Socialwise/IdeaEdge by over 65%. Its still not very many shares at just over 50,000, but it has created a possible short squeeze on any run that may happen. (Short information is always a couple weeks out). The reason I believe the shorts are still in there is most of the buying lately has been out of our camp, and no reason to cover if the stock is trading sideways. It also shows why there has been pressure to try and close the stock on a downtick daily, yet for the most part we have maintained.

Short selling has its place, and its wrong to paint normal short selling as a evil practice. In this case it can actually be a plus for us (especially if you were one of the buyers). In a strong up day, many short sellers will cover only adding fuel to the fire (of buying). It will be interesting to see when the next big news hits, or next 100K share (with strong buying) will bring. I think we might be surprised.