As the price moves higher, their 'monthly rent' automatically escalates even if the base interest rate remains constant! The 'rent' is calculated based on the total value of the borrowed shares...calculated using the closing price at the end of each trading day! If the price doubles the 'rent' doubles! Ouch!
The number of shorts trying to get on this train is obviously increasing. Don't want to sell them 'tickets' too cheap! Short sales volume ratio working lower. Average over the past month is in a steady downtrend! Remember, shorts have no other choice than buying to cover as PLUG moves up! The bet that much cheaper shares will be available later is not looking good!
Always good to get a positive comment from an investment service, but, the 'Street' is pretty much a joke. I am very bullish on PLUG near term and particularly longer term! Example of the 'Street'.....'session registered 2.08m shares, which is substantially above it's three month average of 1.98m shares'??????? Oh well, lets take what we can get! The major positive here is that the Street has been negative on PLUG for some time and now we have two positive pieces from them!
And shorts (at least a few) could have covered for under $2 just a week or two back. Still not enough shares available at these still low prices for shorts to cover their positions!
I would vote for Bernie Sanders before I would vote for Hillary! At least he is intelligent!
Shorts are having a problem covering their positions!
This is you interpretation, dandi...not reality! Give it a rest!
I had planned to buy a few k more share around 1.90 after I received my monthly 'rental check' from the shorts who have borrowed my shares! I do this every month and then loan shorty my newly acquired shares! No luck, the stock hasn't been at or below 1.90 lately? Where is the short commitment this month?
With the exception of a couple of days, it has been well below normal!
Read your last post....littlefred.....! I think the person who posted that needs serious help?!
Two takeaways for me: 1) by legal standards, the case is moving quickly through the system. 2) The judge appears to be a no-nonsense, direct individual! Judge has already ruled against many of the objections to the proposal. Hope this is all resolved by the June 21 date!
I will tell you, it won't be a life altering event for me where I whine 24/7 because I lost 23 centson a penny stock. Get a life littlefred!
dandi....You are too stupid to understand so I won't bother to explain it to you! You can watch and learn or you can just continue your ranting until everyone on the board has put you on ignore!
Hey, Dandi......sounds like you are freaking out! I thought we all wanted the stock to go up?! You need to learn to be nice to the winners!