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Barnes & Noble, Inc. Message Board

  • gxstockholders gxstockholders May 7, 2012 10:05 AM Flag

    About Dopping Under $18

    Reading comments about concerns over dropping under certain levels like below $18....

    I understand and share the concerns. I also must not forget that at these levels there are players involved that can begin to be elbowed aeound at the table when there are only 19 mil shares in the float and they are over shorted.....

    At this price level $175 mil could theoreticly buy 10 mil shares @ $17.50 avg. on the open market and represent an accummulated 17.2% position by itself.

    That happening by itself, or any thing close to by itself will not be allowed to happen since that can disrupt the present ownership situation without all parties openly or quietly agreeing. If they agree, they will try to slowly unwind the short situation and accummulate stock in the neighboorhood of around the $17 liberty strike price (if the shorts are lucky).

    Obviously that would be a catalyst for an increase in the BKS stock price to and for it to stabilize.

    Opinion only...........

 
BKS
22.07+0.11(+0.50%)Jul 29 4:02 PMEDT

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