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 : Track Data Corporation TRAC -- Ignore unavailable to you. Want to Upgrade?


To: ISOMAN who wrote (1531)5/1/2000 7:27:00 AM
From: ISOMAN  Respond to of 2005
 
seems to me that if the insiders knew of the coming cancelation announced on the 13th, they would have had to have shorted prior to the 13th.

and if they wanted to cover with the most bang for their buck, it would have been around $2 which , came on april 17th , at the earliest...

so, since the short interest as of the 15th, is basically unchanged, that means that anyone who shorted prior to the announcement, covered already...

or they replaced shares already in the short interest count from the prior month that went ahead and covered.

That presumes shorting through normal channels.

I don't see that as likely.

IT would get far too ugly in court if that were the case.

the other alternative would be offshore shorting...

But, I doubt it...

Really...

I'd say it is what it is.

Nasdaq got slammed, stock didn't zoom up based on 3:2 announcement, Hertz got "the Call"

They cancelled split...

Hertz is 40 million lighter in the pocket, and some 90million paper loss.