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Thursday, November 04, 2010 2:07:29 PM
That would mean these shorted shares can get bought back lowering the current trading float with the 'ficticious' shares shorted in.
Here's the problem with the short theory, if the Share Structure is still 190M O/S with a float of 90M, how can the short ever be covered without help from the company?
Looking at the trading here, one would have to assume that the short position is over 500M shares, probably closer to 1B+. So once again, how do you cover that big a short if there are truly 90M shares available?
At this time shares are still being sold to retail customers, if the MM's needed to cover, they would only be buying not selling.
Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.
Will Rodgers
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