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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Sharck who wrote (656)9/7/2000 12:28:11 PM
From: Sharck  Read Replies (1) | Respond to of 37746
 
RDRT breaking 10



To: Sharck who wrote (656)9/7/2000 12:53:19 PM
From: sam  Read Replies (1) | Respond to of 37746
 
The beauty of a LNOP type situation imho is the float. 3 mil or so. 30,000 shares is a full 1% of the float. At some point there just wont be any more shares to short. At that point (if it indeed does happen) look out above (that's what happened a couple times in Rmbs -- and it is a VERY, VERY rare event). fwiw, CIBC is gamely trying to keep the lid on this one.