It is meant for longs
It is not meant to influence and sway shareholders who are indecisive as to why they hold the stock in the first place.
Basically, anyone who has held this long already has a pretty firm basis for holding, so a portion of their shares can be kept free trading while they can afford to do the 4-6 week cycle with the certs.
Besides, most longs are probably no longer tempted to sell much more than some profit taking even when we triple due to the desire to ride this into the new tax year.
The nice effect of the certificates is it makes MMs into buyers more than sellers. It removes their desire to impede whenever true buyer demand rises. And it will also help mitigate the effect of other types who qualify as end of the year sellers.
This will protect the share price as it rises and set us up for a strong 2007. I have it on very strong authority from very experienced MMs themselves that his is the one thing that they cannot do anything about.
I know others have already or are planning to. With the solidarity we've seen so far, it is not a big stretch of the imagination at all to think others will see the validity of such an approach if they were already committed to holding for a minimum of 1-2 years if not longer.
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