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Saturday, June 04, 2011 7:20:56 PM
They prob knew about the CD shares entering and were shorting, and may have cut a deal with the CD holder to get the shares to cover!???
But once that May16th news hit, the Ball game changed, and I think the MM's were not happy @ all, seeing the possiblity of the pps running away from them!
So the action now, in hind sight, is looking to me like damage control by the MM's! and they do have forces in their favor, i.e. flippers, panic sellers, Lull in buying ( Ask pressure down ) due to bid pressure Up, and some real shares still being infused!
The actual short volume I bet is Significant, in % relation to the current O/S, even @ O/s of 50 mill! And what the real short volume Is?!, is prob somewhere inbtwn what the CEO speculated upon, and 0!!
MM's better know, IF they are counting on shares from CD holder?? to cover, that they just made not be there!!
We'll see if the Note buybacks get ramped Up or not!
But no matter how one cuts this Up, the burn rate is coming to an End, and the tide is turning, and the trend I'm betting still is @ least 5 floors North of where the pps stand now shorter term!!
but jmHo
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