VHC is trading below cash per share. 400 mil plus 1 bil plus 1 bil minus 1.8 bil equals 600 mil arbitrage. Do people think it is coincidence that 600 mil is exactly what shorts are short dollar wise? If VHC goes down I will buy more. Others should buy too. Think about how much shorts have shorted and then think about where VHC stands today. That is not counting the reverse conversions. Add that up and the amounts get astronomical. Stay away from options folks. Cramer vs Herb was the greatest thing I ever witnessed on TV. Cramer is actually like 5'4" but he looked a giant staring down the Herbster. Expect nonstop accumulation folks. Yeah dumb shorts will do their thing but the smart ones got out and are going long cannibalizing their former partners in crime, as predicted.
" Yeah dumb shorts will do their thing but the smart ones got out and are going long cannibalizing their former partners in crime, as predicted."timingd, not sure about this sentence, YET. Short interest has stayed the same for months and that doesnt include the reverse conversions. There may come a day that the shorts change direction but it will be to late. No shares are available now ,can you imagine when the shorts try and cover and they look for available shares just to cover never mind going long.Good thought though.