SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AUTOHOME, Inc
ATHM 23.64+1.8%3:17 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KLAW97 who wrote (7212)4/1/1999 12:22:00 AM
From: Benkea  Read Replies (1) of 29970
 
"Look at the increase in the short postion, everyday we hit a new high."

I suspect, like any merger, it is people like me who are shorting ATHM and buying XCIT to lock in the discount. This discount is 17% right now for a merger that should close in about a month. Not a bad one month return. When the deal closes, I will cover my ATHM short with my current XCIT shares when they are converted to ATHM.

Needless to say this will not cause ATHM to run up in typical short squeeze fashion because we will cover our shorts without buying ATHM shares on the open market.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News