Replies to post #23470 on United States Oil and Gas Corp (fka USOG)

[bigtoe1963]

Read the bottom of my last post and yes it'll squeeze the crap out of the shorts that's why I see a massive run coming IMO...

[PTLIAMHIS]

Didn't they just pass some law or rule that shorts have to be covered within 13 days?
I don't understand shorts either, but it cant be short over 13 days I believe that was just passed at the end of Feb.

[Spuds McKenz66]

ONLY 8.2 MILLION

[100Pips]

My last post of the night. yes if there are shorts and we go on a run they will be scared into covering thier shorts which means they will be BUYING. Now the thing is we don't know that these shorts are anything other than MM's short selling to fill a buy order that they subsequently covered, and thus it was not a short sell for the sake of a short sell. there is no way I will believe that people are shorting 30,40,50 million shares a day of this. I dont know if there are even enough shortable shares available to have that many at any one time (willing to be shown if that is the case though). We will see. GLTA

[HyMarker]

My point exactly Dodah. Earlier today I posted the new law about shorting and nobody answered. Here it is: FINRA Rule 4320 went into effect on 2/28/11. It mandates 13 day buy-ins for open delivery failures and increased transparency industry insiders are expecting more pressure on short sellers and increased covers down the road. This is just about the time frame of 13 days that the shorters had to cover! Interesting Huh! Any help on this one, Moderators??