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  • reason204 reason204 Dec 12, 2013 7:26 AM Flag

    Borrowing shares problems loom ahead

    I have stated many times early in the year that at some point borrowing shares could be a problem for the shorts. I'm guessing that in the current quarter that they will have borrowed several million shares that they have used to pound this down with and what it means is that the supply to keep pounding it are going to run out sooner or later.

    Imo, part of our rise in the spring was as a result of shorts being forced to cover because the lent shares were pulled. What do you want to bet that this might happen again.

    The other part that stands out here is who were the 10 million shares shorts that never covered as the stock was running to the $70's?

    If it turns out to be Citron you have to ask yourself if their efforts here are to cause enough disruption in price to get covered at current prices as the earnings are good enough that covering going forward has the risk of doing it with a triple digit number.

    So much of this story might get told when the next short interest report comes out, imo.

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