Subject: Re: my email to djbyrne re: RMIL
Points in question:
>>1. There is a bonafide float of 1.6 to 1.8mil shares, which has been
>>established. The cartel actually has the majority of the float to the
>>point of almost all being in certificate form and probably then some very
>>soon, if not already. So whether there is a few extra shares out there,
>>or not, does not matter. In fact the shorters have to cover all the
>>shorts and naked shorts to cover the certificate requests over the
>>original 1.6/1.8mil. (Yes or no?)<<
My understanding is, Yes.
>>2. What would destroy the short squeeze at this point, because from my
>>point of view, if this is not happening then the short squeeze is
>>happening. (Any ideas?)<<
In my opinion, the only thing(s) that might destroy a squeeze at this
point would be 1) if all shares were dumped (sold) now {NOT Gonna
Happen, huh?!!} 2) if the whole float was not in cert form {and Riley's
numbers say the whole float will be once the new TA finishes the cert
requests}
>>3. Since the average novice does not access to level II, real time quotes
>>and the like, how would one of the more experienced players work this
>>play, as a novice. (Any takers!)<<
I'm still a novice too - especially since this is my first-ever squeeze,
but the incremental selling is highly highly highly important. If all
the shares were dumped (sold) at one time, the mm's could cover quickly
and the price would drop. I plan to sell as Riley has posted -- a % of
my shares at a certain price, another % of my shares at another, higher
price, and so on.
Hope this helps.
Ellen G. |
