WHAT I THINK IS HAPPENING
I still believe this is a big game of chicken. Shorts are refusing to blink. I said I thought they would continue to suppress CMKX into the CIM dividend to make it seem like "no big deal". They don't want to make the gold news seem like a big deal either. And despite the hype about Urban giving an interview because we would have a filing, I said we probably wouldn't and we didn't. Shorts are taking advantage of all this. But the thing I still find most interesting will be their decision prior to the 29th. Do they REALLY want to take on the second round of GEMM dividends? If they don't, I would suspect we'd see a rise to .0003 x .0004 by week's end and then the first part of the week next week they'd clear out the .0004 range which IMO would induce a LOT of selling. People just looking to get out at breakeven or maybe some small profit takers. If they REALLY wanted to cover as many shares as they could before the 29th, I'd suspect they'd take it up to .001 where they would get a LOT MORE selling and probably very little buying from retail (too many retail investors afraid of it slipping back to .0004). IMO they couldn't cover anywhere near their entire short position at .001 but maybe they could cover 100B? 200B? That's better than continuing to get pounded by dividends on those 100-200B shares. And if they were still stubborn, they might try to take it back down to .0004-.0005 after the Vegas party. Shake out some more.
Only by then, I think the dividends would start getting more serious. Like SGGM. That's a record date that IMO would be more of a "Reckoning" date.
We'll see. By the 29th we'll know just how stubborn the shorts are IMO. My guess is that Urban honestly believed the covering would have begun by now. And that's why I have wholeheartedly NOT supported the Vegas party. NEVER underestimte your opponent. The shorts will break IMO. But I don't know the timeline. It may depend entirely on the filing, and that may give the shorts much more room to maneuver until it happens.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
