I take that it means not only are there no more shares available to short, but that there a ton of people with naked shorts. So, a true short squeeze would send AIG flying much higher. I don't think we've seen anywhere near a true short squeeze yet.
ok..thanks. I didn't realize the brokers could ever be "negative" on short positions. However, yesterday CNBC disclosed that fees are approx 40% higher now and assessed on those holding short positions. In other words, too expensive to keep holding a short position on stock for any length of time. My perception...this is a short squeeze rally. Not sure how long we have to play with this either.