Interesting - wasn't aware that the following day was included also. Mistake on Anson's part. They weren't aware of it either as they returned approx 65K shares available for shorting to IB this morning. Does anyone know if ANY's IP related to MSFT products is exclusive to MSFT? Has anyone seen the term, exclusive, ever used in conjunction with the MSFT partnership? As JFM mentioned, also found it interesting that new hires are necessary. GLTA
Triggers the uptick rule on July 30. Now they can't short it to oblivion to save on monthly usurious interest charge. And we have been down 6 days in a row sitting on lots good news. Time for an up day.
Good news: For example the LOC made public today essentially locks Cyrus in to paying cost + 10% for stock whenever Sphere needs money and it sounds like the facility is easily expandable.
Wouldn't surprise me if longs pound the shorts end of the day as dumb and dumber makes them doubly vulnerable. Had to return 65k shares that they were planning to short......??today??
This might be a "long" weekend for some.
Caveat: Of course what can one believe on a stock message board.
The uptick rule has never shown to be effective in keeping a stock price from continuously declining. It's a very temporary (one day) solution that basically delays the inevitable.