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Re: balamidas post# 508

Thursday, 12/30/2004 10:12:31 AM

Thursday, December 30, 2004 10:12:31 AM

Post# of 1056
I see your point. In the case you describe it is not really the market-maker on his own behalf that is short but a broker's customer. It is easier to assume that there may be some short-sellers who are not market-makers that are not aware of what may happen to their short positions in a few days. But I would assume that even those people will be monitoring what is going on more or less. Those who have done so and act rationally will have covered their short positions by now. But of course it is not unthinkable that some possible shorters may be caught unawares. But even if that happens and they will have to cover in a couple of days I doubt that the stock price will soar sky high. There are tens of millions of shares owned by traders who will probably be happy to sell their shares below $ 0.03.
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