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Re: machcobra post# 16552

Tuesday, 09/23/2008 4:14:55 PM

Tuesday, September 23, 2008 4:14:55 PM

Post# of 45771
I agree, maybe there is still a large naked short out there. I remember when ITLV announced a huge buyback but don't think they ever bought a share. The volume shortly after and over a period of a week or two was between 500 million and 1 billion. I bet they knew ITLV was going under and that the new company would r/s. Somebody is about to get burned big time. Either the short position or the shareholders, I bet it is the short position!!!