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Quicksilver Resources, AŞ Message Board

  • momentumtrader2004 momentumtrader2004 Jun 1, 2004 11:16 PM Flag

    Bought in today on the split...

    announement at 50.03. Plan to hold through the split on July 1 because of the sector and the fact this looks to be an undervalued, very fundamentally sound company whose stock has been outperforming the market on a consistent basis, as well as the fact that there are only 6.9 shares in the float. But the main reason I don't plan to sell until the split is yahoo's key statistics state that the short position in this stock is 2.65 million shares, a huge short position that may need to get unwound, and that would take awhile to get done and may push the stock price to $60 or higher. Anyone here know why such a huge short position in this stock?

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0.1460.000(0.00%)Mar 13 3:59 PMEDT