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Re: LOL post# 34848

Thursday, 06/11/2009 5:28:04 AM

Thursday, June 11, 2009 5:28:04 AM

Post# of 86719
Still don't get it. Never will. When I met PK for the first time, we reminisced about that beautiful run from $.35 to $3.58. He told me about the Perfect Storm scenario that occurred. In short, there was a hedge fund that was short about 3 million shares, mostly from the hangover from Blank Check to DKAM. Another hedge fund showed up to make the stock run on the Trump release. The first one got squeezed pretty hard. The one thing you will never get is that HEDGE FUNDS never have to report their positions, nor their short positions, nor are any of THEIR shares ever included in reported short positions for any company. True to that end, there was around 100K shares short during that run up that were reported. How does he know? Ahhh! That's the caveat. :)

The same is true now. Funny, I see the forecast is calling for a strong Noreaster about to blow in.