Replies to post #3460 on How To Find Big Stocks

[jockinmikeg]

Wow, interesting. I have never been in the situation where I was actually paid to have my shares borrowed. How did you enter such an agreement? Did Fidelity contact you, and you gave them the OK or was it done without your consent?

I knew there was a Short position growing for XXII, and it has been especially evident over the last few trading days.

If there was ever any doubt in the existence of such a seemingly ridiculous proposition (shorting XXII when the Company obviously meets all the uplist requirements and the paperwork is in), now we have our confirmation.

XXII Buyers and Holders should be salivating right now. Not only are the fundamentals coming together, but now throw in the potential for a "short squeeze" - woof.

[JamesK101]

There have been 1.6 million shares covered up to February 14th 2014 in the period of two weeks. That is a decrease of almost 90% of the XXII short interest.

In a few weeks we will know if short position increased and by how much in the 2nd half of February.

Shorts need to sell a whole a lot of XXII to re-establish their position if what you are saying is true. Should be interesting few weeks ahead.

[JB3729]

Shorts paying 10%, wow, last year I was only getting 5%. Shares must really be hard to come by for the shorts.

I'm not loaning my shares any more. Fidelity was loaning out every OTC stock I held. This caused a problem for me when I wanted to sell one of the loaned stocks and buy something else the same day.

The shorts love shorting OTC stocks and can't find enough to borrow from the brokerages mutual funds. For larger cap stocks, on higher exchanges, Fidelity and others have plenty of shares in their mutual funds to loan to the shorts.