Wednesday, June 15, 2005 7:32:22 PM
"I just read your post, the short position is not that high, why would anyone WANT the share price down to this extent?"
No, the short position is not that high, however:
Perhaps an investor group presented a potential acquisition candidate to THK and they had no interest at all,ticking off the firm.
Maybe THK is in talks with a group who feel that if the price was two, and not three or four, they may want to sign a LOI.
Could it be that a large firm wanted to fund one or all of the PP's, but at a price the company found unacceptable?
I'll bet some hedge fund manager watched this stock go from a buck and a half to 6 in a blur, and decided that at two, this could be the play of a lifetime.
Perhaps some of the BILLIONAIRES that own this stock have made some enemies along the way that don't want the rich to get richer.
My point is that there could be a thousand reasons to want this stock down besides short positions, and when internet bloggers start posting outright nonsense, they are doing so for a reason!!!!!
In the end the numbers will do the talking.
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