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Tuesday, May 02, 2023 1:26:51 PM
The very few shorts still around
There may be very few shorts around, but those few combined may be holding a large short position. Do I have evidence to make this assertion? Absolutely, not. But then I don't need to. As an analogy, I posit the black hole inference based on Schwarzschild's equation. No one can image or view a black hole directly. The only way one can observe it is by seeing how gas and matter behave across a small portion of the sky, that can only be explained by an object of immense gravitational pull. So when you say, and I quote "who wouldn't crystallise a short position when a stock has plumbed the depths of pennystockdom as IPIX has?", I could turn around and ask you the same question, "why is there a need to encourage people to sell at these depths?".
“When you have eliminated all which is impossible, then whatever remains, however improbable, must be the truth.” ~ Arthur Conan Doyle, The Case-Book of Sherlock Holmes.
I don't think the worry here is for "those poor souls who will have to explain to their nearest and dearest why they blew the family savings and kids' college funds". It's for those who sold that which they did not possess, but did not see enough selling to cover their short positions. For the longs, the maximum they lose is only what they invested, for the shorts the losses are theoretically infinite. And I can sense the palpable fear.
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM