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Re: Grumps17 post# 1113

Sunday, 11/28/2010 10:19:53 AM

Sunday, November 28, 2010 10:19:53 AM

Post# of 31426
You're welcome Grumps. Patience here, we don't know the company's time line, but that is my expectation--when, not if, but "when' is open-ended.

Joby is wise to be careful about discussing shorts and short squeezes because a true short squeeze is extraordinarily rare. More common is some MOMO group takes advantage of short-squeeze speculation to try and create the impression of a squeeze, tricking others to buy in, only to sell their shares and leave a bunch of bag holders.

That said, and this is all IMO, speculation, buyer beware, don't bet what you can't lose, the rug can be pulled out from under us at any moment, the pink market is designed and operated to take our money, etc. etc. (all of which is true and never forget it!), in the event that joby's number is right and there are at least two air shares for each real share (more likely three or four), then there are two major implications.

1. The shorts will use every trick in their arsenal to stop a squeeze, and

2. If they fail (and IMO RM news and confirmation of the float would overwhelm those tricks), then the 12 mill shorted shares will have to be covered out of a 6.5 million float. Think of the mechanics of that! Every share will have to be bought from a small and shrinking pool of available shares, with tough competition from other sharks smelling blood and those of us who have held a long time ain't selling anytime soon.

This is what we mean when we say .20 is not unrealistic and the potential is greater.



I can forgive a pink that lies to me, but I can't forgive a pink whose lies I believed.