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savy1

05/31/11 6:31 PM

#6564 RE: savy1 #6562

Occured to me that many here may not be familiar with the term jitney. here is a cut/paste definition.

"A situation in which one broker who has direct access to a stock exchange performs trades for a broker who does not have access."

"A fraudulent activity in the penny stock market involving two brokers trading a stock back and forth to rack up commissions and give the impression of trading volume."

in this case they are not trading back and forth to rack up commissions, or to "create volume" (another of their favorite games) but to buy time for their forced buy Ins. this game can continue for quite awhile and the only real way to end it, unless the exchanges get serious (don't hold your breath) is for the company to pay a dividend in cash or shares. As this has been announced at some point, IF there are still shorts, they will HAVE to cover as they can not invent any new game which creates shares in the spin off for them to distribute on the short side. if we can get that far it is officially CHECK MATE.