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marcoG

09/21/10 9:25 PM

#73120 RE: Grozny #73119

35 million not so many shares for people to cover

now if it were 350 million shares than we would be talking

But it should help as shorts need to cover

Bullmarket72

09/21/10 9:38 PM

#73127 RE: Grozny #73119

It depends on a few factors, but if the market price opens tomorrow 50 - 100% up from the close then the shorter's will be called. On most margin accounts, once the 30% thresh-hold has been passed, you will be required to cover the debt. There may be a few unhappy MM by 10 tomorrow.

One more point - When the shorter's begin covering, the stock will re-act in a big time upward trend. I would thank that the stock will be somewhere around 14 to 25% up near the open. You will then see the shorts start covering and once that begins, the stock should go up 50+%.