Well, some days the tone here gets a little different - I don't mind.
But let us keep the perspective right - We are not talking about legal shorts here - we are talking about huge illegal short positions from outside US - By call the certs, it is obvious that the immediate float will be less - When the immediate float is less, the illegal shorts have less to grasp for to cover - when they have less to grasp for, then what happen - Well, I believe we saw that yesterday morning.
Looking at time and sales, It was obvious that no market maker was willing to fill that trade until he had a very good price. And that those MM's participating in the trade between 9:31 and til that huge order was filled knew what they were doing. It is possible that a few normal traders got a marketorder filled and was burned, as a few got a sell order filled and was plesantly surprised.
Both Frick and Presence has been around for a couple of years - Havent seen Presence much, but been in same as Frick a couple of times, and from what I have seen, they do post their honest opinion.
I'd like to hear Presence opinion now after being a little updated on what the short story is all about. Also, as we cannot decide a split, neither are we able to decide for any dividend, but we sure can decide to call our certs, thus agree to be a little more dedicated as longs here.
Kr
Jens
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