This cannot happen, for the simple reason is there is not 51% of the stock available. The Longs are holding well over 51%, the Company under 15% last I checked. So, There is no way for an outside Company to gain a controlling interest.
yesterday the short trades only accounted for 10% of the days trades (they had been averaging about 24% per day for over the past week. So, we see what happens when they slow down their shorting.
Some (the smart ones), are covering while others are selling more in a useless attempt to keep the price down. The longs are holding strong, so the shorts must be trading fictitious shares between themselves!
down 6% on the day? What planet are you on? Up on the day despite another 1.3mil shares shorted to try to keep it down. 20% of the trades today were short trades.
some short covering is my guess. Yesterday they shorted 1.6 mil shares and the stock went up, probably sent them a message to start covering.
I am sitting and accumulating, I actually want it to stay here for awhile so I can get as much as I can. Buying between $5000 and $10,000 a month.
Since the Company has not been proactive enough to do a petty dividend to force the shorts to cover, I doubt they will be doing a reverse split. If they do, it will hurt the stock price considerably.
The only problem with your thinking is that the USA has been supplementing their food supply for years while they have been biting the hand that feeds them. NO doubt that if they ever run out of oil we will be sending them ours on paid for by our government.
There should be no margin under $2. I called TD Ameritrade and they told me that they do not lend out shares that are not on Margin. So, how can HERO be shorted by 33 million shares and increasing?
The Saudi's have been doing this for the past 50+ years. Oil is their only economy. Whenever it is threatened by competition they drop prices to discourage that competition. Russia and the USA now have oil reserves (due to modern drilling and pumping techniques) that threaten the Saudi's Oil monopoly. Due to their power regime, no one can produce oil for less than the Saudi's, they do not have the expensive labor the rest of the world does, they do not have Unions and strikes, they operate as dictatorships and the workers either work or starve, they never heard of Medical insurance. Without oil and the free food sent to them by the USA, the Country will revert to a primitive society. (even worse than they currently are).
The USA and Russia have always backed off on drilling when the Saudi's play this game, because they would rather use Saudi oil and save their own for the future. What is different today is the USA and Russia now need exports in order to survive themselves. in 2000 the USA only produced 6% of its own oil, today it is 60+% and growing. We are on target to be @ 100% in 4 to 6 years and exporting oil. We will be exporting Natural gas in less than 2 years. Russia is right in line with us. Since our Political leaders in all their wisdom have driven 90% of our manufacturing overseas by over taxing to support their irresponsible spending habits. the USA has very little places to turn to to feed our economy and oil if the front runner. So, we may see a pause in drilling with each $5 drop in oil, but after looking around we have no choice but to continue drilling until we are exporters. Even our Politicians are finally figuring this out, have you noticed how fast they are now auctioning off oil leases and fining those who buy them and are not producing within a specified amount of time? Environmental concerns have lessened considerably.
% Short Vol
Date Hi Lo Total Volume Short Volume % Short Vol
Fri, Nov 28, 2014 1.32 1.22 3608408 Posts at 5:30pm EST 0%
Thu, Nov 27, 2014 1.45 1.34 5512140 Posts at 5:30pm EST 0%
Wed, Nov 26, 2014 1.45 1.34 5512140 1386118 25%
Tue, Nov 25, 2014 1.55 1.4 6137144 1013640 17%
Mon, Nov 24, 2014 1.5 1.45 2307675 565448 25%
Fri, Nov 21, 2014 1.54 1.46 3479322 462529 14%
Thu, Nov 20, 2014 1.5 1.42 3648666 752739 20%
Wed, Nov 19, 2014 1.52 1.46 2566536 363742 15%
Tue, Nov 18, 2014 1.55 1.49 2371757 341292 14%
Mon, Nov 17, 2014 1.55 1.5 2722180 328517 12%
Fri, Nov 14, 2014 1.56 1.5 3091432 570373 19%