It's up almost ANOTHER 3% and shorts are gloating? I checked TWICE today:) Shorts are still 2.1 Days To Cover and app. 25 or so % of float.Have fun boys:)
Does anyone know what happens when 5,000,000 shortshares want to cover and very few shareholders wish to sell?Do they halt trading and send out a special solicitation toshareholders to give them a break??Things could get all out of whack here what with Institutions holding about 110% of the float already.That means that all the shares us little guys hold were allproduced by the shorts for us.Jeep
keep telling yourself this pipe dream. Shorts control this stock, under 40 by weeks end. And 30 by end of the month, mark this post JEEP CHIcken.
Institutional holders, some of them, will agree to allow their broker to use their shares for stock loan. Sometimes done for a fee.Other times it collateral for their levvrage.That is where the short shares come from.