These short attacks are always well coordinated and orchestrated to trigger maximum sell stops (like today’s plunge). All the fear messages that have shown up here recently from a multitude of aliases AND the well thought out messages by self described “longs” trying to incite maximum doubt in actual share holders will now begin to reach unprecedented screaming blather levels as shorts WILL BE DESPERATE to keep the price down will covering.
Shorts trying to cover will now be competing with the skittish longs who sold and will now be clambering to get back on board for the still highest yielding REIT trading on Wall Street.
For the stories of those who got stopped out on big plays I am truly sympathetic to your losses. Particularly the tragic huge option plays. SEC needs to reinstate the uptick rule, soon.
On Monday, even the shorts will understand that the uptick rule was also for their protection against themselves. Naked shorting will likely be the eventual demise of Wall Street. IMHO
I dont really consider myself long when it comes to these high yeilding stocks. Im in it for the income. What it does long tern growth wise isnt quite as important to me. Even of the divi gets reduced a little in the long run i have to remember that its still a pretty nice income for me.at 25k a year. And thats just this stock.