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Post# of 735738
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SamuraiProgrammer

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SamuraiProgrammer

Re: JusticeWillWin post# 671212

Wednesday, 10/20/2021 7:53:07 PM

Wednesday, October 20, 2021 7:53:07 PM

Post# of 735738
I would be very surprised if the WMI shorts were able to file for 'negative' escrows. In fact, I worried at one time that there would be more filings for escrows than there were issued shares.

Think about it:

A Owns WMI in a margin account
B Borrows shares (they come from A)
B Sells them
C Buys them (Someone has to buy from the short seller) in a margin account
D Borrows shares (they come from C)
D Sells them
E Buys them (same as above) in a margin account
ad infinitum

WMI was shorted into oblivion before even the seizure of the bank and BK was declared.

DISCLAIMER: NO TRADING ADVICE INCLUDED - EVEN IF YOU THINK I AM A WEASEL AND AM SURREPTITIOUSLY TRYING TO SNEAK SOME ADVICE OUT THERE IS NO TRADING ADVICE INCLUDED - FURTHERMORE, THERE IS NO TRADING AVICE INCLUDED. ALSO, THERE IS NO TRADING ADVICE INCLUD

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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