Just In SEC RULE 201 just kicked in. Meaning shortsellers can't buy shorts anymore and can only sell their shorts!
Proof? Go to Nasdaq and search Short Sale Ciruit Breaker download the highlighted pdf file. Search and FFIE is included in the list.
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71811517OP : Get ready for the squeeze of a lifetime
SHBK : What's the impact with this rule? Will the price go up or down?
Scapey T Goat SHBK: yes
105365029 : Up, don't push down a lot
Liquid master : This very good news
73282684 : it means when you see it go down don't panic sell and it will go right back up and sky high. on Friday the way it plummeted was because they shorted it even more causing people to panic sell which is what they wanted then they buy up the panicking people's shares. now they will be extremely limited on how much they can short hold buy and don't panic sell it will be a rollercoaster ride with ups and downs but at the end it will drop us off at the top of a mountain at the expense of people who mostly deserve it. it is scheduled for delisting in June if the price stays above 1 for 10 days it will not longer be scheduled for delisting which is when they know they lost and will have to buy back the 36 million shares at a steep price we could hit 10 we could hit 100 the longer we hold out the higher it will go. 8 more days of ending above a dollar and we win if it gets delisted they win big. so buy and hold if we all hold we all win big it has happened before and we can do it again
Senor Bay 73282684: If that’s the case, this could be a blessing in disguise.
73282684 : the circuit breaker happened at 1330 exactly when it stopped plummeting all the sells after that were panic sells and a lot while it was plummeting buy Monday and it will go sky high
Amador Igarta : Great now it’ll be fair
Bird007 : Please tell me: Do you understand that bears cannot buy back the thrown out stocks at a low price on the same day to further short? Bears can only be thrown, not bought! Once you've thrown away the stocks in your hands, you can't keep digging. This rule came into effect on May 17. Right??