Thursday, September 28, 2006 6:47:35 PM
Even if 1/2 was short covering which I doubt with size of most trades on level II, still over 20+M shares shorted or more; 8-10X the free trading real share count of 2.8M. A big factor IMHO also is this huge short # does not include the naked shorts, which is a variable also completely unknown.
The best news today was confirmation of the RM. Funny, how when Don came out with news last monday of acquiring the "SEX" co., not many connected it would be the needed tool to complete the RM. Once the certs have to be handed in and retired, the shorts are done.
This will create such an upside in the pps, with shorts having to cover at any price.
Best Regards
Not a buy or sell recommendation.
The best news today was confirmation of the RM. Funny, how when Don came out with news last monday of acquiring the "SEX" co., not many connected it would be the needed tool to complete the RM. Once the certs have to be handed in and retired, the shorts are done.
This will create such an upside in the pps, with shorts having to cover at any price.
Best Regards
Not a buy or sell recommendation.
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