<<We are headed to $50 guys! >>
Ah Mr. Mac S. Giballa - may I call you Mac for SHORT? Another great post. May I be the first to compliment you on that?
As an early poster pointed out this morning (perhaps many missed it?), that if you spell your handle backwards it becomes:
ALL A BIG SCAM
I just got home and read all the SI posts. I thought of an interesting point. I'd like to discuss it with you.
See, in an earlier post last night, I pointed out to people here, how Off Wall Street issued that sell recommendation at $50 pre-split in May, how there was a large increase in the short position in June and a large DECREASE in July, because MRVC basically tripled, and how there had to have been a lot of pain and losses associated with that.
Message 14399770
Could there still have been a lot of shorts who still hadn't covered and were deeply under water?
Now to my interesting thought. You see, short interest is reported as of the close of trading on the 15th of each month (or the last business day before the 15th if a weekend), which was Friday. I've also mentioned before that there is a LOT of room for short interest to change dramatically up or down in between those posting dates which are known to everyone.
MRVC fell a lot in only 6 trading sessions the past two weeks. Then comes this Barrons article out on Saturday.
Could it be that the upcoming Barrons article was known to some people early (how could that happen?) and there was new shorting, waiting for a blow off type low today so they could cover?
Did you notice all the FUD spread on Yahoo! this weekend, trying to force the open today really low?
Interesting that there were 800K shares traded in the first 15 minutes today, and the price went straight up in that period, don't you think? Were you one of the lucky ones covering then, or are you still short?
You see, that was pretty bad timing, coming right after the short interest posting date. It means we will all get to see the short position immediately before the Barrons article and the open this morning, because shorts in the know would have been waiting for Monday early to cover.
Yes, Mac, I'm going to be very interested in the September short interest when it comes out in two weeks. I bet it shows a nice spike.
But, do you know what - with the Zaffire contract announced today, the FSVK reiteration of strong buy, the news that Williams and Sycamore are investors in Charlotte's Web, the LMNE road show beginning soon, I bet that short interest level drops again in October. That will also be interesting to see - more pain coming for those dumb enough to still be short here.
Just one thing though. I bet a low of $51 3/16 was quite a bit disappointing to you and them this morning.
I just wanted to see what you think about all this? |
