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Replies to #8989 on NNRF Inc (NNRI)
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Johnnyv

01/11/09 8:36 AM

#8990 RE: Fishpert #8989

Carrying on with this Short thread, I wonder how much short interest there is in NNRI, (I do not think there is that much) .If somebody was covering , why in the world would they do it all in one day. One could easily cover percentages of their short holdings over a period of time to keep it at a penny, makes no sense in covering all at once.
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Chrf4

01/11/09 1:31 PM

#8991 RE: Fishpert #8989

Fish,

You wrote, "Anybody covering Friday was short the day before."

I have no argument with that concept. That short position may have been held for a long time. The holder may have had a pressing need to cover. Or it may not have been short covering at all. In fact, I hope it was not and there is follow on buying tomorrow.

If you believe there was not short selling as the sp here tumbled down from $10.00 to $0.01, you, sir, should not be playing in this game..JMO