Bakken Energy Corp. (BKEN)

[trade2much]

ORFG Wrinks - if the DIVY goes as scheduled X date of 4/15 Next Tues. That would mean imho, anyone shorting now will cover between now and the close Mon 4/14 or suffer having to pay a dividend.

That being the case we should see a nice pressure relief due to covering if there is a lot of MM shorting now. Since it is very doubtful they will not want to suffer a dividend, which means they will cover prior.

Unfortunately, if I recall though- MM rs can actually "Naked Short" legally, as the SEC Sanctioned MMs to do that for certain circumstances on any stock. I think they must cover within a period of 24 hours regardless though. I believe it is to provide liquidity and control the SP better. That is what I recall anyway.


Guess we will see if it has the theoretical effect.

T2M