Doog,
What in the heck is an "embedded naked short"? Are you suggesting some connection with the company? Merely saying that the short position is large? Should we stay tuned for deeply embedded naked shorts?
I agreed with Wrinkles' post. IF I believe all the hype, the shorts have been cornered. Hence, the shorts have nothing to do but keep digging. Hence "committed."
At the same time, IF the shorts have been cornered, then the company has many different strategies they could take to turn the situation around. The company is sitting in the catbird seat on this, but they seem to be dragging their heals.
OK, I'll grant that the company and their advisors/lawyers know a heck of a lot more than I do. Maybe things are moving as fast as humanly possible. But at a minimum it would seem fair to demand that THE COMPANY GIVE RETAIL INVESTORS THE INFORMATION TO VERIFY THE SIZE OF THE NAKED SHORT POSITION (OR MORE SIMPLY THAT IT EXISTS). The shorts know if they exist and are cornered. Management knows this information. Furth knows this information (along with the 10Q contents, apparently).
The only ones being kept in the dark are retail investors.
I expect another bleak day price wise. I am going to hold, but I expect that management's information strategy will cause quite a few small longs to capitulate, with shares being bought up by those in the know. Management can prove me wrong by changing course on the policy of leaks to the few and vague 10s for the masses.
Wadi Rum
AI
