InvestorsHub Logo
Followers 18
Posts 1151
Boards Moderated 0
Alias Born 04/29/2006

Re: Zoom-Zoom-Away post# 2719

Thursday, 06/21/2007 9:12:54 AM

Thursday, June 21, 2007 9:12:54 AM

Post# of 9653
With the momentum driving this stock up steeply, and a very limited number of shares available, how will the shorters ever cover the 23 million shares they need to return to the company? At quickly rising prices, they are going to take a big hit! Some thoughts on it:
- can they just walk away and say it is impossible to do? What would happen if they tried?
- the goal of shorters is to make money on stock spreads and swings; with the momentum here going sharply up, will the previous shorters try to make up their losses by becoming buyers and "upward manipulators" once they have covered their shorts?
Any thoughts out there?

Lion

I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net