NJ- Do observe the open Call positions....
The shorts are probably hedging at least part of their positions with out of the money calls through Jan14, perhaps only 4 million or so shares are unhedged - if most of the positions are attributable to the shorts.
Ususally, Shorties are clever lot, and do their DD well, due to the fact you can lose your pants and then some when shorting. now, in a little conpany as STSI, with such a low Vol and with the chance of a good report coming every day? you need to be a fool to keep unhedged. shorts are no fools, I will tell you this.
That said, I do hope to see a short squeeze from hell to uplift my 2$ Jan 15 Synthetic Call position on Star ...
Any speculation where 10 trading days of short covering (aprox. the unhedged position / average vol) can get us?
