Sunday, April 13, 2008 9:56:32 AM
On another CUSIP note, the FTD shares, or phantom shares used to naked short a stock should be shaken out as well. These show in the form IOU's to the DTC, which the DTC now collects on, if I've got the process straight. Nobody knows how many of these exist, but whoever naked shorted the stock is now responsible to make good on the IOU's, causing a different squeeze. For those of you who have checked, the number of short shares jumped to 89,000 as of March 31. Lord only knows how many short shares there are now...All IMO, of course.
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