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Crocs, Inc. Message Board

  • prudentvoice prudentvoice Aug 14, 2008 12:47 AM Flag

    Pro shorts will take profits - here's why

    Hypothetical situation: Let's say that I'm a pro who shorted 100,000 shares at an average of $60 per share. $6,000,000 invested. Now lets say I can get out at an average of $5 per share $5,500,000 profit. So you tell me, smart basher, do I risk a short squeeze with the other pros getting out ahead of me for the hope that I can get out at $2 / share and make an extra $300,000? NO, The fast money has been made. I, the pro, will cover (buy shares) and move my trade elsewhere. See ya. By the way, per shortsqeeze.com, at 8/14/08, 35.2% of the float is short.

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