Re: BASSO Capital Management
in response to
by
posted on
Aug 07, 2008 07:23PM
I doubt a short squeeze will happen... not enough shares short
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
||||||||||||||||||||||
|
It appears that short interest has decreased (a negligable amount) and there isn't a significant percent of the available shares short at this time.
However, even the mms hate to lose even a dime, so they will attempt to cover below their 'short entry point'. This point could be at .15, .16, etc. so I'm thinking that some of these trades going through over the past few days (duplicate at a slightly higher 'trade' price) might be a signal even the mms are trying to cover, under controlled circumstances, while trying to keep the price down buy posting low asks and bids until someone comes along and actually calls them on their ask price.