What makes you think the shorting is naked? Normally you only see naked shorting if a stock's shares are on the 'hard to borrow' brokerage list. I don't think that's the case for PSEC.
You sound psychotic and delusional. To prove otherwise, get some one to verify you are not and have them post here. Of course we will need similar creds for the verifier, ad infinitum. To cut to the chase I can only assume you are #$%$ nuts.
They do not need to cover the PSEC shares before the rights offering x-date, but if they don't, they will be short the rights when they are issued as dividends, and they will need to buy the rights in the open market to cover their short positions.
Minnyfan used to say that he did not care about pps as long as he dripped his monthly dividend. Problem is he has never realized that there is a leak in his drippers bucket and the level of contents have been going down for months, and months and months.
Minnyfan has stated over and over again that interest rates will not go up, problem is while he posts this stuff real interest rates have been rising monthly, as tracked by the 10 year rate, and the Fed now appears ready to start raising their rates soon. Minnyfan is really smart.
Minnyfan attacks me with stupid stuff because he is jealous of all successful investors. To bad, he should be trying to learn from successful people, not stalk and attack them with silly, stupid remarks that make no sense.
Do not get me wrong, people like minnyfan are so stupid that they are funny and that livens up the day between trades. Keep the entertainment going. FANNYARSE.
:( That's a shame I hope you feel better soon.
Have a great Weekend everyone :)
You know how to think? Amazing, then why are you always locked into the past. PSEC did move a little with oil months ago, but this puppy is so sick (just like you) right now that nothing can help it. No news is good news with the spinoffs........
Slick and a few other bashers liars argued about how psec was tied to oil and its price. News flash oil is up huge today and we are down. I stick to what's the truth and oil prices does not move this stick one way or another. I still can remember slick saying on up days we had in the past were because oil was up etc. Just another fool. Lets wait for real news on spinoffs and see how the market reacts. Don't worry, soon slick will not even remember his password due to his age..... Good riddance....
Does anyone kno wif shorts have to cover before rights offering., Case if they do 26 million shares will probably move the needle, especially if all share holders realize shorts must cover. Whos gonna sell cheap when we know the shorts are screwed.
Real who? I never post what I think this stock will or won't do. And no that is not the real minnyfan.... Guess you are new to this board...
This guy is either a a company cheerleader or the worst trader I have ever seen. Look at his past posts...."Loading up at 10.60" "Buying more at under 9.00" So funny.
Maybe its the lack of clarity on what the Spin Offs will mean to the bottom line or...as sometimes seems to occur, those in the know and with the strength of capital and position (market makers/hedge fund managers/insiders) a stock's price is stepped on while it is accumulated. It would be nice to know who is accumulating.
Announcements on the Spin Offs will follow a price rise IMHO.