Agreed. Was just going to type this in reply to Ike.. but, I’ll put my .02 cents here... to you and Ike: ‘Right. And it usually works out for them. Many hedge funds (valuation examples below) can take a (what, re NWBO, lol, spec) 2,3,4 Billion dollar hit, and live to tell about it. Then rinse and repeat. Those that can’t will just be swallowed up by those that can. See Ronin. But, they don’t like to lose even $2, $3, $4 dollars. Lol. Cheap. I recall once chatting with a hedgie, re his $200 million gains, at his home in Boca. During the discussion, he reached down, felt the water temp of his pool, and promptly admonished his wife for wasting money on the heating bill. Anyway. Covering will be cheaper here, if they can.
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