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Re: news sniffer outer post# 73089

Wednesday, 08/10/2016 12:13:32 PM

Wednesday, August 10, 2016 12:13:32 PM

Post# of 469903
re: "People Please read post 73047 . Mm's and hedge funds are short 4 1/2 million shares and just a day to cover . They are playing serious games now and if we panic sell it's playing right into their hands . Holding shares will force them to raise the pps in order to cover "

We're back to low volume days with few actual sellers. Actual days to cover are a lot higher than that estimate which assumes being able to buy a high volume day's entire volume.

What if they blew the money and can't cover. What would one do? Maybe get your MM associate to do another naked share power dump. Then hope the negative posters trying to wear down investors can finally get them to capitulate. I half expect this would be tied to another starting pistol, like, say, earnings report. The July 27 1:00pm naked share power dump's purpose was to tank the share price more so than profit, so probably most of the stopped-out investors shares shaken loose would have gone to cover the naked shorts on the way down, leaving most of the regular shorted shares sold to investors on the way up still open.

A lot of those millions of shares were borrowed near the top at 40% interest. In aggregate it's costing thousands of dollars per day to keep those short positions open.

It costs us nothing to hold our shares. Time is on our side.


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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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