Research In Motion Limited Message Board
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Vw went up 800 plus points on a short squeeze with 32% short
This can happen to RIMM shorts so please no suicides since we have warned you! We want you to survive to pay us!
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Read Michael Collins article in Seeking Alpha, .... he was there ..... unlike Jeff & D-F so-called research.
Sentiment: Strong Buy
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Netflix and First Solar are both recent examples. Both were shorted heavily, then squeezed, then shorted again and then again squeezed. Both are at highs right now.
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They threw everything they had at it today, and it just bounced right back up at the end of the day. They're on the wrong side of history. I grant you, they are one stubborn bunch. Some catalyst will come along and it will obliterate the shorts similar to the VW & Tesla short squeezes. I'm certain of this.
Sentiment: Strong Buy
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RIMM short interest was pegged at 39% by Jim Doak (last week's BNN interview).
(BNN = Business News Network in Canada. Exceellent channel; don't know why anypne wojld watch CNBC but I digress...) -
VW at the time of that epic short squeeze actually only had about 13% short interest. RIMM has much more, but I don't think the squeeze will be nearly that dramatic.
VW was an extreme case. Porsche managed to scoop up 74% ownership, and the German state of Lower Saxony owned another 20% (and couldn't sell without a vote). That left only 6% of the float available for sale.
It's only a matter of time before the RIMM shorts get squeezed, but there is a lot more of the float that will be available for sale. If you think RIMM is going to suddenly go to $100/share, you'll probably be disappointed.Sentiment: Buy
- 2 Replies to joe_miller
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Correct. I believe at the time no one realized how little float there was because of the way the shares were purchased and held. It was a well planned and effective event.
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when did this happen and what is/was the ticker? I can't find it..
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When was that?
Sentiment: Strong Buy
- 1 Reply to slowerclimate
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Oct 2008.
Sentiment: Buy
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