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boogaloo

11/09/06 10:43 PM

#152520 RE: bikerider99 #152518

bikerider, If there is a large short position... that won't add to selling pressure. Essentially, all it would do is make the buying pressure even more intense. So all in all, it wouldn't have the effect of making the float seem larger. It would just mean a few hundred million more shares have to be covered (bought) w/out any corresponding sells. That's why short squeezes can run a stock up like gangbusters.
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gwikley

11/09/06 10:44 PM

#152521 RE: bikerider99 #152518

Got my vote.LOL/e
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vixpix

11/09/06 10:44 PM

#152522 RE: bikerider99 #152518

Wouldn't the name change have forced the initial shorting to cover? From what I understand anything else would have to be recent.

Vic