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Ebix Inc. Message Board

  • swank818 swank818 May 6, 2013 8:30 AM Flag

    Shorts stuck badly..Trying to shake your trees!!

    There were over 10mm shares shorted when the deal was announced. A few million shares were probably covered during the early frenzy that drove the price over the acquisition price; however now all of the roiughly 7mm shares that are still short need to cover and they are hoping that by scaring people they can get the price as low as possible since they know they will ultimately have to buy back the stock. In fact, some of the may have no choice but to start buying it back soon since they are probably getting some anxious calls from margin clerks. Don't let these scamsters and the either naive (or paid off) journalists who pass along their rumors (with no substance) get away with this. If there ever is an SEC investigation it will be about the people like Gotham and the journalists who were involved in trying to destroy this company.
    ALL OF THE ABOVE IS MY OPINION, PROBABLY BASED ON MORE FACTS THAN BLOOMBERG'S REPORTING.

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