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Message: RE: Why doesn`t anyone want to read .....tugs

RE: Why doesn`t anyone want to read .....tugs

posted on Dec 30, 2004 09:33AM
So, via that link info, you are suggesting that MMs (FLCR) are buying to cover a naked short position in anticipation? Guess that`s as good an explanation as any, though this would suggest that they (FLCR) would be inclined to drop the bid as much as possible to make those covering buys as cheap as possible. However, current situation aside, it will be interesting to see what happens as that date nears/arrives. MMs will have to cover.

SGE

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