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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Handshake™ who wrote (11563)4/26/1999 7:32:00 AM
From: superdow  Respond to of 25548
 
assuming that the company changes its name/cuspit--how long do the shorts have to cover or does it depend upon whether the shorter
is a mm or an investor? Obviously, if all covering is required
in a two to three day period regardless of price, then the price could risedramatically. If they have a month or more, it may not be so
noticeable. and if the majority of shorts are held by MM who have
a certain ability to manipulate the price of the stock then the impact may also not be so great. Are we looking at a situatio where
brokers of individuals will go in and execute trades regardless of price???

I hope the squeeze is true, but I have a hard time understanding why covering didn't already take place if the shorting exists.This theory has been around for over a year.
Seems to me that the shorting would have taken place some time back when the stock was $2, $1, $.50, $.25 and the covering when the stock dropped to below a dime. I suppose I could see covering when the stock hit a dime and then reshorting even further with the profits if you believed you could drive them into bankruptcy. Very confusing situation for those just looking from the surface.