Another great "mark this post call by cowboy" Looked at your history not the best Posted by: cowboycadillac In reply to: cdtpowertrader who wrote msg# 14623 Date:8/27/2005 2:45:47 PM Post #of 35856
I just wanted to say that for the person who said this is the Perfect Storm, that is an understatement. There has been over a billion shares traded over the last 3 months when the proper float has been just over a million shares. There are people who have reported they not only own the float, they own the entire ISSUED SHARES OF 4 MILLION. I suspect that when the Market Makers are told they have to cover the temporary share price will rise above $20.00! This is probably the most massive naked short selling stock that has ever been on the market. Watch and see and mark this post!
By doing the math you are inferring that we are beyond total A/S. The context in which you are using traded shares would not apply unless they were all buys. My take is that we are recycling shares... which is endemic to this market.
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