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Re: emilyrobert post# 76595

Wednesday, 10/24/2007 10:33:25 AM

Wednesday, October 24, 2007 10:33:25 AM

Post# of 115222
The last runup to .08 hapenned before the Divy was distributed. If it is true that many brokers are short because of the divy, I think the runup might take more time to happen but will go way over .08 . The brokers need to cover their short position. If I understood well, the new SEC rule says that they have maximum 13 trading days to cover.
Divy was oficially distributed on 10/15 + 13 days = 10/31.
Will we see a short squeeze on 10/31 or will the brokers cover their position by then?