Replies to post #29958 on China MediaExpress Holdings, Inc. (fka CCME)

[rru2s]

BlueSky - Over 2 million FTD will force A LOT of buying. That is rather unprecedented. The ordinary shorts can of course hold longer unless their brokerages have given them margin calls.

Someone show me a previous case where reopening on the pinks after a halt had over 2 million fail-to-delivers, or over 20 percent of the float. I think this will be the action of the first few hours.

[Drexion2004]

You mean aside from the over 3.5M naked shorts who will be forced to buy the first trading day by their brokers, right?

I never said i'd be a buyer at $8, but I think we bounce up to $7 or $8 sometime during the first trading day. Doesn't mean we stay at that price level long.

-Fernando