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reallybadtrader

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reallybadtrader

Re: steelcitydog post# 6094

Wednesday, 05/23/2007 8:32:55 AM

Wednesday, May 23, 2007 8:32:55 AM

Post# of 9101
Whomever is covering the short is taking their time covering it. Panic short covering comes when something unexpected happens and the position must be closed asap. This is not the case here, so the buyer (short) is just bidding the stock. My guess is the Specialist may have a lot of stock in inventory as well, he might be selling it right now. In any case, the buyer and seller are matched up at this level, which is why the stock has not moved in 4 days.



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