This daily shorting activity makes no sense to me the last week or so. I can't figure out what these short HF's are thinking at this point. They have the same information that we have with respect to Q4 earnings and the script data thus far in Q1.
If they are not covering now the question is will they even cover after Feb 25th. I say they can't afford to cover and send Qcor vastly higher. Hope I'm wrong but I don't think they will cover. It's like they are snubbing their nose to the Longs.
Some will say that they have made their money back with Options which may be true. But at some point they have to cover.
Still don't trust em....Thoughts welcome.............Beegz.
beegle, don!t know a lot about stocks other than buy and hold. sometimes i flip a stock. never shorted one. my question is how long can a person stay short on 1 stock. anybody, thanks in advance. g/l tony
That's exactly what I'm wondering. I agree it doesn't make much sense. Maybe if they cover now, with not much selling, the price will be bid up and climb faster. My reasoning behind this is that longs have no reason to sell now even if the SP went up because they would still wait for the CC. On the other hand, if they start covering after the CC, they will get some selling as longs start to take profits as the CC is done and over with. Or maybe it'll be a mix of both?? Either way, I can't see a way out for them. If buyers decide to pile in after the CC (or maybe waiting for the CC to cause that short squeeze) they'll be scrooood no matter what!?
What is it that these shorts are possibly betting on by keeping 20M shares short going into the CC where literally anything could be announced, as Don put it "you name it, it's on the table"!!!