Livengood probably buying up shares for a
squeeze. Only 3M float, 1/3 short! He doesn't have to buy
that many shares to pull it off becuase there are only
2M shares available. Insider ownership 77%. I
wouldn't short this puppy until insider % under 50 %. It
could get very tough to find shares if he has the cash
to keep it up. This stock is way over valued, but
with only 3M shares outstanding Livengood has the
leverage. IMHO - good luck shorts this stock needs to drop!
board really needs an obnoxious long posting, so
I feel that it's my duty. I don't want anyone to
take it personally, but this incarnation of me has
been frighteningly correct.
out my long position today @ $73. I'm not stupid.
The person who keeps on claiming to feed the slop is
Wavethreedown, not me. I do have an alter-ego on the board, but
he's short and doesn't show up too much.
face it, anyone still long in this stock certainly
doesn't own a computer, or if they do certainly doesn't
have access to a phone that you don't have to wind up.
Didn't the cheerleading management say that their
same store growth would be in the MID SINGLE DIGITS?
And didn't they say that the IPO effects were going
to be temporary?
I guess all is forgotten,
since the stock is creeping back up, but what is not
forgotten is that the fundamentals remain awful for a
company with a triple digit P/E and weak SS
The longs are playing with fire, all of you think
that you can be the last one out at the top but the
odds are highly improbably that you'll get out with a
gain. A bunch of bag holders jetting for the exits
before October. IT IS GOING TO GET UGLY.
Shares that can be borrowed for shorting come
from longs holding in margin accounts and
institutional owners the lend their shares out. As the
institutions sell that could decrease the short shares
available. A true short squeeze occurs when the person
whoose shares your broker borrows to sell short to you
sells and your broker can not find replacement shares.
At that point your broker can force you to buy even
if you have equity to cover the short position.
Needless to say, the can really piss a customer off so the
brokers carefully limit the amount of short shares they
sell so that they will hopefully never have to make
that call. I am unaware of any real time reporting
source on the web for short interest.
For what is worth, according to yahoo there was a
decrease in the number of shares short (from 1.01M in May
to 993K in June). In the big scheme of things, this
change was insignificant and is still about 1/3 of the
float. I have also experienced first hand how difficult
it is to get additional shares to short
There are two things that I think would be very
interesting to find out about KREM:
1) Is there a
resource on the net where I can see the day-to-day or
week-to-week short interest on KREM? It would be very
interesting to see what happened to the KREM short interest
during the runups to 80+.
2) Also, it would be very
interesting to find out what the exact rules are to determine
the total number of shares that can be shorted for
KREM. Why only about 1/3 of the float? Are some shares
being "retired" and can no longer be shorted? Is it
possible that a large brokerage house can suddenly release
a significant amount of shares that can be shorted,
I would assume the short interest will always be
around 1/3 of the float because that appears to be the
number of shares available to be borrowed. I also do not
think a short squeeze in the classic sense is possible
here. Afterall, from what I can tell it has been
incredibly difficult to borrow these shares for months now.
While a few souls may get "squeezed" and closed out at
a substantial loss, when they buy it frees up
shares to be lent out and re-shorted. Therefore, any
short covering will just be offset by additional
shorting, this time by someone presumably better able to
weather the storm. Afterall, someone who shorted in the
$40's might give up by $80, but when those shares are
re-shorted at $80 the new short should have additional
wiggle room and a run to $100 should be able to be
At certain points even longs see the insanity and
drive the stock down 20% over a day or two, as they
have on a few occasions. We'll see what happens when
it drops 50% in a few days and the margin calls are
on the other foot. My guess is the daytraders with
their casino mentality will not continue to play the
game and move on to the next target.
Thanks for the reply. I agree that KREM is way
overpriced. For anyone with staying power it is a great
I do have the financial staying power but not the
pyschological staying power. So I think that I'll just watch
the show for a while.
I wouldn't call myself a convert.
that there is a possibility that it could go higher
because of limited float, the hype, and the very, very
high short position relative to the float. I also
agree that it could go much lower because it is
ridiculously overpriced based on all measures of
I have no position in the stock because I think
that it is a huge gamble either way.