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Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
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To: BUGGI-WO who wrote (3618)3/27/2008 8:49:35 AM
From: bobs10   of 4590
 
you:

Thats a wrong assumption.

Me:

Yeah, I considered that the merger announcement was on the 18th and the "as of short reporting date" was probably the 15th.

If I were a short and thought that a large number of short shares were going to be cancelled I would want to get rid of my short position as soon as possible, before the stock price started to rise. Under that scenario, if I was short SPSN shares and owned SFUN shares about to be converted into SPSN shares I would want to dump the shorts and keep the SPSN shares for selling at a higher price later.

I guess we'll see what happens to the short numbers in another couple of weeks.
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