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Alias Born | 10/17/2012 |
Tuesday, July 08, 2014 5:25:09 PM
If you expected a short squeeze to happen the first day on NASDAQ or not at all, then you are correct.
But that basically is just a silly assumption. We haven't even gotten past the point where brokerage houses seem to know if they want to give credit for having this stock in your portfolio and whether or not to margin it. These are temporary bugs that need to be worked out. I even had to email Seeking Alpha to tell them that the symbol had been changed from SPIHF to ANY. They corrected that immediately. Anyway, short squeezes only happen when there is a big demand for a stock and a large short interest. I believe the short interest is there but the demand might take just a bit of time to inure. I actually was impressed by the lack of selling pressure on the shares today. I wouldn't want to be short, would you?
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