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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?


To: Timelord who wrote (3089)7/1/1998 8:20:00 PM
From: Zeev Hed  Respond to of 5504
 
Timelord, that is why I thought the stock will have difficulties at par ($6.5/share or just below), since the holders can short against the block, keep getting interest (and now they have all their money back) and not worry where the stock goes. If it goes higher, they deliver the underlying stock, if lower they cover their short get a good chunk of their money and wait for a rise of a buck or more to short again. Do you know what is the total short position right now?

Zeev