The dividend was suppose to make the shorts think twice about shorting more. Well it looks like the shorts have made twice as much today as they will be paying out for the dividend. Where are they getting all of the stock? Is it naked shorting?
Just curious how shorts are winning. They not only paid the div but have been paying interest on the borrowed shares. So when you consider that the stock price has just fluctuated in a range for going on 4 months i think the shorts are not winning . i' m not winning either but at least i am not paying interest or the div.
Why? The shorts are only down about $35 MILLION in portfolio value since Nov. 8th plus all Interest Carrying Costs on their 29.5MM share and $300MM plus short position.
Probably down $40 MILLION in the last 6 weeks.
by the way poster b..........today is not about shortie,,,,,,its panic selling due to congress inaction on fiscal. cliff. see if u can spot any other securities having a red ticker today.
just bought more sppi @ 11.46 ish......... curious to see how i make out. i think big $$ will conclude a deal to "save" middle class will be made ,,,,,,,,by jan 1 or within a few weeks after jan 1........... thats how im playing it. clearly, right now it looks like mkt will close at lows of day but i like the longshot bet that perhaps big $$ will re enter the mkt by days end. probably not though. but i like the longshot bet. meanwhile, sppi corp is doing just fine and is undervalued. further, still boatloads of shortinterest that has to be covered, imo.
ok, so far my bet is alive and well. look forward to tomorrows action. dealer, cash me out and reserve me table for two at the seafood house. here, black chip for the boyz............