"...boatload of more sellers than buyers..."
Someone posted that this stock now has a 45 MILLION share short position outstanding.
Supposedly those short shares were "borrowed" from the actual owners. At least, that's how the system is supposed to work, as I understand it.
So, how are the true owners of the stock going to sell THEIR shares if they have been "lent" to short sellers? Where will the shares come from?
It seems to me that the shorts will have to cover BEFORE the true long shareholders will be able to sell. Or am I missing something?
And the many Market Makers are now out of the situation, requiring them to re-apply to make a market. Form 221 ?? or whatever...
So I would really like to know just where are the, so called, massive share sales are going to come from? Initially, there will be very limited liquidity. And the MMs are not going to participate... or are they?
And the market still has a 3-day settling period. We'll be well beyond that come May8. Won't the shorts be FORCED to cover immediately?
Based on what I understand, It just seems far more logical that there will be MASSIVE BUYING on May8.
I think that is called a SHORT SQUEEZE. I believe that is what will happen.
Of course, if the FDA approves BEFORE May 8 then all bets are off. IMO We'll be going to $15 a share very "shortly".
And in case you haven't noticed May 8 is a Friday. So it should be a very active session although we may not see much without a visible Bid and Ask.
Good Luck to All Longs!
