Hyperdynamics Corp (HDYNQ)

[rayovac812]

Casper. It has been said in several differant places, but in case you didn't see it. The majority of shares short are Blackrock hedging their long position. They are the smart money and that is what smart money does. They will not cover until they know the stock is not going to go to zero. If the stock goes to zero, then they have not risked a penny or they lose a very small amount of cash. Their short position is already well into the money and will be until they do cover. They do not care if they have to pay higher prices after they cover it is a wash. In other words if they cover at 4 bucks when they shorted at $2 then the long share gains cover their losses and they break even. So the make or do not lose in the deal. However if the price goes to zero then they have not lost either. The fact that we have Blackrock is still a great thing. It is just how they do business, but know that when you yell about the shorts, you are talking about them in large part. It is not greed it is smart. The Blackrock fund that got out because of the Russell status, are the ones that covered recently, and they made money at it. I cannot remember when the huge short position appeared but if B-rock shorted much higher, then they are sitting pretty right now. Their are some of my favorite retail longs that are also doing the same thing. By that I mean hedging their long positions.