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Re: dmiller post# 281113

Tuesday, 01/12/2010 10:59:00 AM

Tuesday, January 12, 2010 10:59:00 AM

Post# of 433027
dmiller.. When you say "actual SI numbers", I'm curious, do you really believe them to be actual? As I have explained on this board before, the reported short interest is a fictitious number and should not be relied upon. That said, even though I believe the real shares sold short (borrowed or not) are higher, it sort of is irrelevant, since those who employ various strategies to benefit from their control of a stock price do so with impunity. The absence of an uptick rule, the willingness of certain brokers to let them naked-short and the ability to buy and pay for market makers (equity and option) to abet their scheme, allow this travesty to continue. It is happening right now, as we speak, with IDCC.
No, Jeffrey is not over the top. If anything, he is naive as to the potential of a short squeeze. A lot of things would have to go wrong for "the enemy" for that to happen. JMO.
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