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Halcon Resources Corp. Message Board

  • delphioracle2009 delphioracle2009 Oct 7, 2013 9:48 AM Flag

    Looks like a massive SHORT SQUEEZE is in the making in HK

    It looks like HK shorts are at edge of the cliff, and are about get burned out by a massive SHORT SQUEEZE

    Even the mean target price of $7.25/share projected by Thompson/First Call and referred by many including Yahoo Finance, could now be considered as a good short term target, but it may go way beyond $10/share in jiff because of a huge short position that piled up on HK where quite a bit of it could be in naked short position ...

    There are some key factors to consider that works as rocket fuel to a short squeeze ... like:

    _____ HK is being STORMED by SHORTS ... 08/15 short interest 35,917,878 became 41,679,237 by 08/30 and 43,558,559 by 09/13 ...

    _____ There could be a big jump in this short interest as latest numbers becomes available which might show hat somewhere between 45 million to 50 million in short ...

    _____ There is nothing to be seen in Edgar search identifying any of the major holders dumping ...

    _____ Petro-Hunt files S-3 for the shares it got as part of buyout and they are not willing to sell their holding now ...

    All together HK shorts seems to be at the edge of the cliff with about 45 to 50 million share in short position for a stock that have about 5 million daily volume and no major holder willing to sell ...

    Deep pocketed big institutional holders (BlackRock, Fidelity, Vanguard, etc.) who have only small positions (below 5% of outstanding) could double or triple their position at these low price triggering a short squeeze ...

 
HK
4.84-0.05(-1.02%)Sep 17 4:02 PMEDT

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