If you beat the broker to the punch, by moving your Globalstar shares to your cash account, you are likely to [assuming this Great Globalstar Memorial Day Massacre works] cause an increase in share price which improves your overall margin position and you might be able to move your stock back to your margin account.
I was just thinking, there aren't many days to go.
With 6 days needed to cover the shorts, that means that if everyone moves their stock on the 26th [the Friday before Memorial Day] or even the 25th, which would get things rolling for the Friday, that means to avoid the stupid Memorial Day Massacre, they'd have to start covering at least 6 working days before that, to be sure of getting stock.
That means it would be the 17th at the latest that they'd need to start covering to get it done. But that assumes the volume per day doesn't drop, which maybe it would do if people think their shares are going to zoom in value. They'll hold onto them.
It's now the 10th [or 9th in Memorial Day Land], so that just leaves 7 days for them to figure out what to do.
That's not long!! [That's short!]
So really, the 7 day countdown has already started.
That's good for people with short attention spans. Or long ones.
Incidentally, is there a daily report on short interest anywhere? If somebody could put a url here, I'd appreciate it [and so would others].
Thanks,
Maurice |
