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bogey999

04/29/11 1:15 PM

#29969 RE: Drexion2004 #29967

Yessir, and I bet you could find over a million shares that would cover right now at $10. This is unprecedented territory.
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Traderfan

04/29/11 1:20 PM

#29974 RE: Drexion2004 #29967

Where do you get that number from? I don't think it's that high. It might be 1.5 or 2 million but that's it in my book. Or where is the evidence of 3.5 million shares naked?
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blueskydriving

04/30/11 12:27 PM

#30060 RE: Drexion2004 #29967

"You mean aside from the over 3.5M naked shorts who will be forced to buy the first trading day by their brokers, right?"
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Ha! That's a good one. Love the theories you guys come up with. And, what happens if they do not "buy" on the first trading day ... do they get a scary letter? In this world where people live in homes for 18+ months without making a mortgage payment before a bank can give them another six months to leave the house, do you really think anyone will be "forced" to buy CCME on the "first trading day" ... not a chance. But, maybe this theory will give some quick thinkers time to get out of their position ... good luck.