InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,641.60
(
0.83%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
86.91
(
-0.49%
)
Bitcoin
55,368.85
(
-2.84%
)
Post# of 20680
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

gabeh

Send PM Follow Ignore
Followers 25
Posts 4226
Boards Moderated 0
Alias Born 01/10/2006

gabeh

Re: qtipjoe post# 7462

Sunday, 04/01/2012 10:09:16 AM

Sunday, April 01, 2012 10:09:16 AM

Post# of 20680
Joe, it's not that shorts WANT TO cover, it's that the buyers of those shares need their certs to be able to submit and have them converted to the new certs. The naked shorts would NEED TO cover to get out of the obligation to produce the old certs which they would not have.

If there really are naked shorts out there this is the way to flush them out. That's why the absence of major covering suggests that if there are naked shorts out there, they are few in number.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up