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Sturm, Ruger & Co. Inc. Message Board

  • imarugerfan imarugerfan Jan 23, 2013 12:13 PM Flag

    Does anyone know.........?

    Apparently, there are somewhat objective statistics available that show the amount of short positions which are naked. Does anyone know how much of the Ruger (and Smith and Wesson) short positions are naked?

    PLEASE, only answers that cite a verifiable authority.

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    • I remember there was a list I believe it was called a "show list" it disclosed all the companies that appeared to have a large amount of uncovered short positions if the ticker is not in that list than the "naked short" is a moot point to the athorities other than it will act in a 2x squeeze for amount of uncovered short shares once the squeeze moves into maturity. I have lived through a few of these major squeezes both up and down and it is crazy. My concern here is every front is currently doing what they can to get this to unwind as mannerly as possible. I have placed my bet on the fact that they will not be able to do it, as I'm sure many will place bets that they can.GLTA

    • I would say up to 2 million shares of the 8 million shares short are naked - OR the short position is being churned to continue delivery and avoid a FTD situation. Most of these are probably shorted around $50 - and those guys got stung with the special dividend. With Nobama's wiff on executive orders, the shorts got dinged on their highest hope to drive the price down. Earnings are looming and RGR should have a blowout quarter. An uncomfortable situation for shorts.

      The funds that supplied the short shares were happy to do so - they earn great interest on those shares... but someday, they will want them back. I doubt very much that they truly believed that RGR would fall to the shorts - they would have sold the shares outright and not lent them.

      Sentiment: Buy

    • I'm not trying to be argumentative or anything, but don't you mean subjective (not objective)? And where are these so called objective statistics available anyway? I would think the only ones who would really know would be all the market makers and I don't think they're talking.

      Lots of people come up with all kinds of carp on these message boards (I don't mean you).

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