JohnQ,
Thanks for the input and this is the type of dialogue that I think is very valuable in understanding both where we are and also a possible group of scenarios that will/could change which would impact the pps significantly. Also, thanks for including ETF's which I had not considered.
I do have a couple of questions that you might know or at least have an opinion about:
1. My understanding of the different between Total Outstanding and Total Float is "Float stock is calculated by subtracting closely-held shares and restricted stock from a firm’s total outstanding shares" (from Investopedia) and therefore there must be another category of "Insiders" WITHOUT restrictions. My number last night (from Yahoo Finance) was 22 M and I was wondering if you think this number (22M) includes the difference between the Total and Float Shares?
2. Do you know if there is any reliable way to calculate the average pps of the "shorts". This would be very valuable I think in knowing where they stand as IMHO it could be anywhere between $24 and $2 (the range of the pre and post crash of 10/2013). If we knew it was below the current pps then there would be more of an urgency to cover. Yet, no matter the level, every time the pps goes up they are losing money.
3. The new short interest data is suppose to be published today for the period ending 5/13/2016 and that will be interesting to see how much it has changed (I would think it has to be lower with the pps rising).
As I have posted here before (and it might be very obvious to others more knowledgeable) I think that nothing significantly is going to happen until the shorts are taken out. That could either be through a slow orderly covering or short squeeze. Before that happens, IMHO watching the day to day price action could be very frustrating because it will just be more of the same within a range that they "the shorts" are controlling through Bid/Ask gamesmanship. No matter, the shorts are in a tough position because of the lack of shares (to buy) which are available at relatively cheap levels.
Anyway, thanks again for your valuable contribution to this conversation. GLTO
AI
