Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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From: The Ox	4/1/2008 11:01:10 AM
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Message 24448207 Egg producer Cal-Maine pumps up dividend Lavish payout plan aims to drive out short-sellers... As of March 14, the number of shares sold short had surged to 12.4 million, up from 6.8 million at the end of 2007, according to Nasdaq trader data. The number is staggering: It amounts to 57% of Cal-Maine's outstanding shares. Cal-Maine's skyrocketing stock price may explain why short sellers are waiting for the company's fortunes to fall. The stock is up about 175% in the past 12 months. Davenport at Priority Capital said he would be wary of buying the stock at these lofty levels. Still, he suspects investors who've shorted the stock "don't quite have an appreciation for how strong the underlying numbers are. ... the numbers are going to be strong this quarter and next." <snip>

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