Replies to post #6112 on Destiny Media Tech Inc (DSNY)

[sons4]

You would think but this battle has been going on for a long time. The amount of shares short could be very high!

[Justfactsmam]

you would think...but they might know how significant DSNY's tech is...they will find out.

IMHO...there is no correlation between the Naked Short attempting to keep the price down by continuing naked shorting more shares and the fundamentals of DSNY...

...this could be a matter of survival for them.

[einstock]

That's not how it works.

Their "cost"/(margin interest) of the short is closing price on the end of the month times the number of shares. A 1.95 closing price versus 2.05 price saves them .10 That is why you see aggressive selling by this gang on the last day of the month.

A naked short can sell shares indefinitely. The tipping point for a short squeeze is when the interest to hold the short gets too costly and/or when the share price gains momentum from Big buyers.

Me thinks both are getting close.

There are other factors involved with this and I wont go into details. I will say this, Steve is a very smart guy and sees much farther out than most.

The next week or so could be pretty interesting.