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Hercules Offshore, Inc. (HERO) Message Board

  • delphioracle2014 delphioracle2014 Apr 8, 2014 10:15 AM Flag

    ___ SHORT COVERING TSUNAMI forming in the horizon ___

    Is a SHORT COVERING TSUNAMI forming in the horizon for HERO ...

    Looks like it is time for the shorts part ways the money they invested in HERO short position ... :)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Looks like ducks are all lined up ... and the short interest could be about 20 to 25 million ...

    • Yea, and all that short covering just might get the stock back up to 4.60.

    • By 03/14 foolish shorts added a whopping 24.51% to HERO short interest from 02/28 to 03/14. After 03/14 they seems to have been even more furiously foolish and the latest short interest report due in next few days will show how foolish that was ....

      Only Fast and Furious Shorts may be able to get out alive ...

      _____Date ___ Short_Interest __ Daily_Volume ___ Days_2_Cover_
      03/14/2014 ____ 17,319,798 ____ 3,136,713 _______ 5.521639
      02/28/2014 ____ 13,910,894 ____ 4,663,204 _______ 2.983119
      02/14/2014 ____ 13,082,743 ____ 5,306,163 _______ 2.465575
      01/31/2014 ____ 10,674,677 ____ 4,655,371 _______ 2.292981
      01/15/2014 ____ 08,555,076 ____ 2,672,365 _______ 3.201313
      12/31/2013 ____ 07,316,168 ____ 2,540,500 _______ 2.879814

      • 1 Reply to delphioracle2009
      • CNBC saved our rear ends yesterday. The Shorts have very deep pockets and we were desperate for either the Company or the SEC to come to the rescue. Instead it was CNBC! The Shorts looked to be trading shares between themselves for the past 2 weeks to work the price down. They have been dealing with a delicate balance of Short shares vs. borrowing availability. The NEW Buyers that entered and bought 4 million shares yesterday after CNBC Announced to the world that HERO was a screaming BUY, must have really "Blind Sided" the shorts. This was a Multi edged sword:
        1. It pulled needed shares out of their hands and into Long hands.
        2. It saved existing Longs who are strung out on Margin, from Margin calls and haveing to sell.
        3. It may have placed some of the Shorts who were over extended into Margin calls.
        4. The delicate balance of Shares very possibly put Brokers into a positon of requiring Shorts to cover within 3 days.
        5. It put money into the hands of the Longs to buy more shares.

        By Thursday and Friday, we could see $5

1.22+0.020(+1.67%)Dec 19 4:00 PMEST

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