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Re: Babbs post# 1116

Sunday, 07/07/2013 12:49:20 PM

Sunday, July 07, 2013 12:49:20 PM

Post# of 3118
There are likely millions upon millions of shares shorted on BIZM right now. One thing for sure is that this is wrong "Short interest was only 617,256 shares that settled on 6/4/13 as reported on OTCBB." It is impossible to know what the true short is from merely looking online. Many shares are shorted naked, broker to broker or ex-clearing. Most shorts don't show up nor will they ever show up unless BIZM pulls the NOBO (non objective beneficial owners) and DTC. That is the ONLY true way to know what the true short is here.

Also its not about interactive brokers, sure trade, etc allowing shorts. If a large investor or institutional investor has a prime brokerage account with the right capital in it, they could of easily shorted tons of BIZM shares.

I'm glad there are millions shorted in BIZM because it will likely work in the longs favor short term. Shorts are traders and just like everyone else, they like to make money. So when BIZM gaps down on July 10th there will be many of them trying to cover which means buying BIZM shares and as it rebounds and starts to trade up it will force more covering & buying short term imo.


Short interest was only 617,256 shares that settled on 6/4/13 as reported on OTCBB. Based on avg daily volume of 4,864,463 shares, it would only take one day to cover for those shares.



My posts are my opinions only. Always do your own research and do not buy or sell based on my opinions.

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