I agree with all you said. I think the naked short here is large and was pre-grey so it probably hasn't been covered, they will have to cover at a higher PPS imo. Can they? might be a large cover if the PR from MSJ is big enough news. I think they have been doing a lot of things behind the scenes this last year.
I saw some DD this morning that makes me think MSJ is much larger then many even realise. Best to all Longs