RE: Tut Doing The Squeeze Dance, by Cindyyoohoo
Cindy brings in words of Tut which I find rather laughable,
Tut, in part, orates,
"By everyone or as many as possible pulling their certificates
it does create even a more powerful squeeze as the firms have
to deliver the shares that are demanded."
I believe Tut's brain is mummified.
Traders taking paper certificates does not assist a
short squeeze. Quite the opposite, traders taking paper
certificates assists shorters by removing traders from
the markets who could, potentially, move prices upward.
Shorters do not need to borrow. Many shorters do follow
the rules but a vast majority of shorters simply effect
naked shorts. There is absolutely no need to borrow.
This all moderately intelligent traders know.
Related, I am interested to watch what happens when
counterfeit shares from the Berlin exchange begin
flowing back through the PIPE into American brokerage
houses to be dumped.
King Tut is one sandal short of a pair.
Purl Gurl
