First, I want to say - I don't know if anything will "explode" - merely the situation would be extremely "unstable" like lythium. There still must be a trigger, but at least we know with even greater certainty that there are very few available shares out of the millions we trade a day!
If you look at the FTD data going back as far as we can, it is evident that the market makers used 3 days creating FTDs and 2 days reducing - when needed.
As a side note, let me again explain how I think we landed on the regulation sho threshold... The timing is interesting and coincided with AYME's reckless accumulation. They did not care what the price - they bought everything in sight.
The accumulation by that MM and the announcement of the 100 -> 150 buyback went hand in hand - and at the end of the month we saw they accumulated approximately 55mm shares.
Anyways, I believe this created a situation where the MMs couldn't get enough shares during the 2 day reduction period to bring the net balance to less than a half a percent of the OS.
Now - we have less shares on the market. After "black friday" and the company's accumulation, volume has decreased to a trickle of what it once was.
I was going to go into the 5 day thing here but you read that = )
that's it... no more... I just figure if there are that many air shares out there and the float is as tight as we hope - that some crazy things would start to happen... And the inability to get legitimate shares when 30 million trade every day for 18 days tells you something.