Like many of the persons who frequent the LF Message Board, I probably have too much time on my hands so I turn to doodling with numbers. Assuming that all the trades in the past 4 days were by shorts (and I do not for a moment believe that to be true), 9,951,200 shares of LF were traded on Tuesday and Wednesday when the prices plummeted and 7,258,242 shares were traded on Thursday and Friday when prices went up.
Subtracting Thurs/Fri volume from Tues/Wed volume we get a difference of 2,692, 958. The price of LF went down from Tue to Fri from 9.62 to 9.39. Using creative math, it took 117,085.13 short shares per 1 cent drop in LF price. If we divide 15100000 shares shorted as of August 15 by 117,085, if shorts cleared their entire position, LF stock should rise by $1.29, making the true value of the stock minus shorts to be $9.39+$1.29 or $10.68 (+ the 2.7 million shares shorted this week divided by 117,085 =$.23) for a grand total of $10.91. This is stock price, but does not reflect the REAL VALUE of the Stock. I guess I really do have too much time on my hands... Enjoy the weekend and let's hope that the Thurs/Fri rally continues into next week.
Like many of the persons who frequent the LF Message Board, I probably have too much time on my hands so I turn to doodling with numbers.
With trying to follow all those numbers and calculations my brain hurts ! Did you stay at a Holiday Inn last night ! Dr. Spock said your answers are 99.057845358 % approximately right ! (he couldn't be exact.)
Yankee ... Watch a little baseball ... Play with the kids or grandkids ... spend some extra time with your spouse ... remember to worship the One who makes this all possible sometime this weekend ... indeed try not to worry too much about LF's share price ... but thanks for the effort anyway!
I'am with you Joe, it's your team against mine, Pittsburgh vs St Louis for 1st place ! Weather looks good out there !
Pittsburgh still is a Football town with 2 sports seasons, Football season and almost Football season. Soldout since 1965 .