Hello, Xanadu90.. Actually most of my past shorts were kinds short term plays..I have not been on the wrong side of a short squeeze.. If I sensed danger I would cover..
My biggest past mistakes was being on Margin and not selling when various stocks I held went against me. I very seldom use margin at all even though I have a margin account with options trading available. I do have the option of using calls & puts or long term leaps. Again something I do not use very often.
I would also have to feel that some of the short positioon in SLJB could have alread been covered.. Then again these Hedge Funds like to go Naked on decent size run ups figuring they can short the PPS back down...
I have to feel we are going to be seeing some big volume days once the audited financials are filled.. Along with that some nice jumps in the PPS.. On these big jumps is when some of these Hedge Funds may try to go short again. If SLJB is paying attention maybe they could come out with some additional news. IE New and additional contracts or announce a cash dividend when the market is closed you could possible see a short squeeze..Something tells me SLJB is aware of how the shorts work these kinda stocks and they could very well be setting them up for a big suprise..
I know if I was a Hedge fund who was short knowing what I know about SLJB I sure would be trying to cover shares at still somewhat reasonable prices..
In any event lets see if some additional news regarding this new CEO comes out today..
I still contend we have seen some very controlled selling the past few weeks. In the past few weeks I have given my thoughts on the reasons for that selling pressure.. Now I am starting to sense that selling pressure is starting to subside.. If that is indeed the case any realy buying pressure will start to move the PPS upwards.
In my opinion Wessal has not started to buy shares even though one would think they would want to buy as low as possible. In my opinion if and when Wessal starts to buy 25% of the float the PPS is not going to be flat and range bound. That kind of buying pressure will be needed to get to the require $4-5 Nasdaq 90 day required price.. Once listed on the OTCBB along with Wessal buying you now have some serious money that will finally take a real look at SLJB.. Then you have some Institutional Investors and Mutual Funds who do buy into OTCBB stocks..
All we can do for now is sit back watch and wait. SLJB will be in play over the coming weeks.. Lots of ways to make some money. Hope all have a good day. MOO FFB-Fish
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