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Alias Born | 01/16/2007 |
Friday, December 17, 2010 4:55:40 AM
With FINRA now approving the 10% Dividend, it will happen. Whether the Dividend forces any short covering remains to be seen. But it is a fact, when you short a stock, you have to pay any Dividends. BTDG is in effect paying a 10% Dividend which any shorts must cover. They can moan, cry and bellyache all they want, there is no way around it. Their Broker will simply deduct said amount from their account.
http://seekingalpha.com/article/25104-dividend-yield-capitalizing-on-a-short-squeeze
BTDG
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