Jun. 17 at 3:52 PM
$RECAF Over the last 5 years I have read so many posts talking about how the Shorts will be shredded when RA discovers Oil. All of which are Non Sense.
Today another very high Risk Stock I have owned for several years is experiencing a huge run on it's stock, far bigger then anything RA could ever dream of.
The stock is a Pharmacological Company that like RA works to discover Things supposedly worth millions or even billions. ACXP is listed on the Nasdaq, not the OTC. But what the SEC is ignoring is even more ridiculous then our RA Mess.
There are only 25 mm shares of this Co. it closed yesterday at .30 and ran up to 1.05 in premarket and first few mins of opening this morning. As I write this it has traded 283 Million shares this morning, which means every single share, so to speak has traded over 10 million times. Regardless the Shorts remain totally in control, even though there was only 95 k SS available to borrow this morning! It hit 1.05 but has been shorted back to .70 now!