To All: Just wanted to outline the generic strategy for a short squeeze so that the newbies would understand what we are trying to accomplish here. There has been a lot of misunderstanding/misinterpretation that I have seen in the post s recently.
1.) A short squeeze exists when there are more shares trading than are outstanding.
2.) The squeeze takes place when either occur: 1.) more people buy than sell, or 2.) If all shares are held in cert form, when the demand for certs is greater than the supply.
3.) The intensity/duration of the squeeze also depends on two factors: 1.) large short term buying with no selling, 2.) large demands for certs with no certs available to distribute.
Now, in the case of RMIL I believe we have tried to squeeze the MM's on two fronts: 1.) strong buying pressure and 2.) calling for our certs.
What, delays or draws out a squeeze play:
when shareholders don't demand their certs, certs are available for shorting by the MM's so the squeeze does not materialize, if there are problems accounting for shares the squeeze does not materialize, and if the MM's are not held accountable for their actions the squeeze does not materialize.
In our case, we need to continuye to ddemand our certs. And the DTC must hold the MM's accountable for delivering/calling for those certs.
In reality, we do not have to buy anymore shares of RMIL, we have sufficiently covered that. However, this type of squeeze will take a lot longer to play out. So this is a reminder to not become complacent. For a 10,000% return, I would rather wait a few months than get only a 1,000% return in a few weeks.
Good luck to all,
Steve Johnson |
