Normally, I would agree, however, under the circumstances, I don't see that happening. What your talking about is abusive NSS by MMs...it assumes they do not intend to cover. Their Achilles Heal is the collateralization requirements against the short position...as the pps rises, collateral req. goes up....I think even .15 was pushing their pain threshold....but there has to be demand for the stock for this to happen, or it will go the other way. The other aspect your leaving out is that we will have ONE friendly MM who will control b/a for 30 days...
BCIT? Preventing it from unfreez-... what? In your dreams canteen boy. - clarity Oct 22, 2008