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Re: zsvq1p post# 71

Thursday, 11/12/2009 10:47:11 AM

Thursday, November 12, 2009 10:47:11 AM

Post# of 309
I'm not sure there are any shorts in this right now. Guess some could have shorted from $3s down to here, but most likely just profit taking.
There really isn't enough volume to short it now, but as we approach the record date for the split, more people will hear about it. If it goes up on higher volume, shorts will come in to knock it down, and get out. After the split, the stock should go up on even higher volume (since the price will be 1/10th of what it was), and again shorts will want to take it down. Shorts don't want to pay dividends though. That's why the dividend is great for longs. It pays us to stay in the stock, and gets any shorts out, when ever we approach a dividend ex date. Should make this stock more tradable in between dividend payments. Everyone in pennies dreams of having a dividend paid, as it makes the MMs account for all the real shares, and forces all NSS out. This stock doesn't seem to have an NSS problem now, but it very likely will have after the split. A dividend gets them out every time.
JMO,
SpongeBath

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