OK, so let's say that this "hidden short" is in effect.
What fund would lend the shares? The total number of shares that has traded in this period is humongous. It would need to be either a group of undisclosed (less than 5%) institutions, Wisconsin, or Shaker.
Why would Wisconsin or Shaker do something like that? What would be the advantage?
Furthermore, there just aren't any chinks in the armor. Who would try to hang onto this position through demand like we're seeing today? Are these guys out on a limb, expecting the government to bail them out? Are they exclusively playing with OPM, and don't give a damn?
If it closed at $30 today, nobody, with the exception of one fool at Prudential, would dare call it overvalued. 830K shares, currently, and they're still cutting the ask to below the last trade. I am simply amazed. |
