Goldy, This is just more of your imaginary implications. Dream on!
Brent, I appreciate your message and I'll try to explain again. It's a simple fact that for this short to be covered (bought-in) the price of the stock will climb. I don't mean to imply that Fannystock will receive a penalty, but, in my attempt to make it simple, I referred to this as a penalty. To me, if I were required by regulators to buy a stock back above my short price, I would think of this as a penalty (since the "requirement" to buy back persists). Please think of it as you prefer, but, either way, they will pay more than where their average short occurred. This isn't a written law, it's just an understanding of how this stock trades and what's required of Fannystock and the other shorts. See for yourself...........currently the stock is trading at $17.25, up $1.50 for the day. IMO, this is part of the short squeeze that Fannystock is beginning to feel and the stock will likely go higher.
Best of Luck, Greg |
