Re: Shares Shorted- "Shorts Feeling the Squeeze"
in response to
by
posted on
Sep 01, 2010 02:53PM
Legal shorts are scrambling to cover $$ Ka-Ching Ka-Ching $$
Food for thought, say you bought shares @ 0052 and the price dropped to .0027, you would loss half your investment, well the same principle applies to the shorts but the situation is reversed and they would face a margin call from their broker telling them they have to pay the bill.
So what we are probabley wittnessing today is the legal shorts are feeling the squeeze from the buyers and are now scrambling to cut their losses, on the other hand, the brokerage houses that are doing the naked shorting don't face margin calls and I'll bet they will wait to see if the company can find financing for mining operations before they scramle to cover their huge naked short positions.
Let the Battle begin, time to take back our money the shorts stold from us !!