When the positions have to be
covered it is at the ask and not the bid,The mm then keeps moving the ask up till he squeezes shorty
out.a lot of money has been lost here this week and it will continue till shorty is gone.
Unfortunately, David M, short squeezes are a little bit more difficult than this as we have seen on the RMIL thread. I think that calling in your certs is one thing, but in order to have a successful short squeeze, you need to have 1)a good corporation with terrific fundamentals, which you seem to have here. 2)you need to force the shorts to cover by certing the float, and even then it's not written in stone that they'll have to cover(they can get a few of their MMs together and each MM can short the stock for the other and rotate. People on the RMIL thread have insisted otherwise, but nobody has any evidence to the contrary), and 3)You need to have a well organized squeeze with dedicated investors. Number 2 is the toughest to get around, and it may take an entity such as the SEC to step in and stop shorting on a given company in order for these guys to cover.
Again, nobody knows,
Matty Dee |
