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Identiv, Inc. Message Board

  • dhrosier dhrosier Mar 5, 1998 12:22 PM Flag

    How Many shares are in "Short Positions"

    If the various short sellers have been honest in their posts it may be they have sown the seeds of their own undoing. This is a thinly traded stock with what appears to be some very big money interested.

    How many days will it take to cover the shorts?

    I think it should surprise no one that any investor buying at this level is going to be reluctant to allow his or her own shares to be used to bet against them. Although I do not own any thing to do with SCMM, I made a policy decision years ago that I would not allow my shares in anything to be borrowed. FIW.

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    • dhr

      The strategy you espouse is counterintuitive since most stocks that perform very well on Wall Street (with gains over 100%) do so on the backs of shorts. You want people shorting the stock because essentially those who short have promised to buy back. Shorting is like making a deal with the devil. In the short-term, if you can get on top of a stock, there's big money to be made, but in the long-term, given the market's inexorable rise, shorting only benefits the longs.


      • 1 Reply to chicxulub
      • In general I agree that shorts often help the longs, especially if a short squeeze develops, which we might be getting ready to see on SCMM. If the shorts destroy the credibility of a stock then their predictions become self fulfilling, which is one of 3 possible (logical) explanations as to why the 3 "Bulls" are so exercised in their rantings, along with their allies and/or aliases.

        I do not quarrel with taking profits at this level, especially using covered shorts to protect profits. I would hate to see anyone easily swayed to take on the risk of going naked in their shorts under the delusion that because the share price has risen precipitously that it follows that it will correct sharply below current levels.

        The braying of the shorts started in the second half of January. Click the link below to see the price performance before and since then. On this chart you can see that volume has been a little above the level of the preceding months and somewhat consistent during the run up. Of course, this is (I believe) only NASDAQ trading and does not give any indication of machinations in the neuer market.


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