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Wednesday, May 06, 2015 2:17:37 PM
You might want to buy then, before the share price hits $5 as you suggest, because if that's when those shorts will correct, you might not be able to pick up any of those shares you wanted.
Why didn't the shorts correct their positions between September 30 (when it finally hit $5) and December 17 (the last day it was at $5)? They had over 2 and a half months to correct and didn't.
Maybe they'll correct when we hit $10? Maybe $12? Maybe $15?
If they don't correct, at what point does one think the majority of the shorts aren't shorting for profit here?
At some point, cognitive dissonance has to kick in here. That's when the facts don't match up with what one believes. There are the facts as they are presented on the fence, and the shorts one one side, the longs on the other. Eventually, the facts will grow, and the real truth of the matter will prevail. It always does.
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