Well that was an f-ing joke today. The size on the ASK was ENORMOUS today. Definitely shorting going on based on the boldness of the constant ask sizes. Somebody is trying to make back their money after getting burned on the way up.
This was definitely a short attack all day. A big seller won't be showing 10000 share lots for sale at multiple levels. UBSS was huge all day, 12k here, 10k, 8k, you name it.
If you want to sell, you do it discriminately and sell a couple here and there. Plus if you check the short shares available at IB, it dropped to "no shares available" at one point of the day from I think over 200k shares available. Once they got the ball rolling, they scared enough longs to have it snowball.
I know this is probably pointless, but SOMEONE GET JACKY OFF HIS ASS and get this dividend rolling.
Somebody really needs to explain to him that he's (they) have lost a little credibility when they didn't buy back any shares in the 3Q after announcing their buy back program. Furthermore, if they have started to buy back shares since then, they need to give occasional updates as to the number they have bought back.
Because they didn't buy any shares back, shorts think the company is all talk, have no fear and still believe the company is a sham.
I don't really drink much, but I need a cold one today.
AI
