Tuesday, October 26, 2010 11:44:59 AM
MMs will eventually have to account for the shorted shares. Once that happens, they will be buying at the true market value of the stock. The PPS should skyrocket by that time, and if they shorted it enough, the PPS could be way higher than the actual value of .024 as expressed by TTDZ.
But the MMs are counting on the usual trader impatience of the pinks. If I was a retail investor, I would buy the whole float for the fun of it to watch the MMs scramble for the shares and get a nice payout when accounting time comes. We should have that same view, especially when buying at the bottom like this with no other trigger to show the MMs hand.
IMO
Best to all.
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