GNCP - Only way a 100% short sale could be cover with another 100% short sale is if no one else was buying those short sales.
If the market maker who went short was the one buy into another short sale, they would close out one short position, and another market maker would open another.
Yet time and time again it is the same market maker selling short interest to retail.
One has to ask, are they claiming to cover one short with another short that they generate within the self-clearing system? To bad each short sale is an incremental addition to their already large open short interest. Nothing is being covered by these clowns.
You wonder who exits next and I wonder if any of our shorts are from across the pond and if so will they get margin calls because of the pound decreasing? The derivative mess could prove deadly. Go GNCP!!!
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