As I've said before, if I buy or not, my opinion of RMIL will not change. If I buy, it'll be because I've seen evidence it's been abusively shorted. It won't be about the company. It'll be about jumping in to help put the screws to those who've abused it, should it become evident they've done so.
Even if the company suddenly develops excellent fundamentals, I can't think of anyone here I'd consider a nay ever saying anything to the effect that they've always been for this company. I know I certainly wouldn't. Even if I love this company a year from now, it won't change the fact that I currently don't.
And if the abusive shorting proves to have been fact (especially to the claimed extent), I hope the perpetrators will be nailed so hard, far fewer will consider doing it again in the future. Once that's out of the way, though, I hope people will turn their attention to the company and take them to task for their own misdeeds.
That said, has anyone here been part of a major short squeeze before? If so, what do you expect the first few days of trading will be like if it happens? Narrow spread or wide? Tanking of the price with MM-to-MM trades at the bid to drop it in hopes of flushing out cheap shares? Quick raising of the Ask to discourage buying?
Personally, I'm hoping to see a 10 come out first so I can feel certain the float hasn't been diluted. If it hasn't, and the buys overwhelm the sells, I'd think it'd be indicative of a short squeeze. But I haven't watched one before, so don't know for sure what will telegraph that a squeeze is on?
Anybody? |
