Tuesday, December 12, 2017 11:49:09 AM
Shorts MUST cover. They MUST BUY. But, if nobody's selling, they must bid up the price in order to cover. If they can't buy from long sellers, they can buy from other short sellers.
MY shares can't be shorted - I just put in 60 day orders to sell 1/6 of mine at $15.65 per share (to recover my original stake), and to sell the remaining 5/6 at $1000.00 per share. Since all of my shares are tied to sell orders, my broker can't loan my shares to a short seller. If enough people did this, we'd soon see a short squeeze, where the shorts get burned hard...
MY shares can't be shorted - I just put in 60 day orders to sell 1/6 of mine at $15.65 per share (to recover my original stake), and to sell the remaining 5/6 at $1000.00 per share. Since all of my shares are tied to sell orders, my broker can't loan my shares to a short seller. If enough people did this, we'd soon see a short squeeze, where the shorts get burned hard...
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