The institutions to which you refer are the owners of the short shares as well. Some of our retail followers have trouble getting their minds wrapped around the concept but, over 80% of the time, these guys are flat; they have the same number of shares in their long account as they have short in their short account. At such times as they wish to actually take a bias in their position, they have one of two choices:
1) Move some or all of their long shares into their short account, neutralizing the portion thereof.
2) Selling their long shares on the open market - causing a net short postion.
3) Borrowing shares to add to the short account. (This choice is not currently available as there are no shares left to borrow).
The institutions hold both sides to enable their ability to go short without the need to locate and borrow shares - often times for extortion level fees.
I hear that! I told my PC Doc that I wanted CG and he laughed and asked me what it was. His response was that it's probably tied to some kind of stock scam, that it was not being used by the doctors at his rather large LA medical group nor would it likely ever be. They're firm believers in Colonoscopy - the one stop shop! Not that I agree, but it was a rather disheartening experience knowing that we shareholders are forking over hundreds of millions to market this stuff and a doctor who sees 10's of thousands in his group practice doesn't know of or condone CG. Kevin! Where are your salespeople? Are they doing anything more than "lunch" with each other?
Too much noise. He's not at all accurate. All we hear from this clown is the old short and distort. Just as bad if not worse than the pumptards here.
EXAS has entered bargain basement territory at 20, Im back!
I think fishlips is attempting to articulate that if you're waiting for short covering to save you from the decline you're wrong. The shorts are simply taking advantage of the trend and the herd instinct of this stock to pummel the stock to compound the selloff. Sure, the shorts have covered 4 or 5 million as the prices fell and we went Down not up - destroying the thesis that these shorts were going to be driving prices higher. So tell me please, how many of the genius's on this board have come to the same conclusion that i have? that the recent secondary offering at 25.50 was nothing more than GIVING a reward to the brokerages who were holding shares for the short parties? and to the shorts themselves. Not nice.