I've seen it a hundred times, any time shorts pike on this deep. There are double that amount naked too. And they never deliver and never cover enough to get squeezed. They can see a failed rally and just jump back on. Getting around the regsho requirements. They can and will drive a stock into the dirt no matter how great the company is and only after bulls leave the stock for dead do they cover very slowly over many many months time.
Rarely only 1% of the time. Do successful short squeezes occur. And you see a stock climb 30% or higher in a day or in several days.
In today's market. Who is going to commit that kind of capital to squeeze shorts knowing they need more bulls to buy higher to make their squeeze profitable.
I am long here and under water. And only because I bought calls 3 days prior to ER based on Bloombergs earnings date of Feb 2nd. That got changed after I bought my calls and now they will most likely expire worthless 1 trading day before ER.
Not Exactly A Happy camper. But being realistic.
Seems like somebody was holding onto that news as a final nail in the coffin.
No catalyst here before ER.
Might see new lows.
liberating certain assets, at least you tried to put a classy spin on it LOL....
I doubt it, not quickly maybe over time into strength. But not into weakness. When FB was unlocked shares ripped higher, but they dove down into that lock up day even after a great Qtr ER. gapped up from 19 to 25, back filled the gap over about a week time, then unlocked and massive volume kicked it up 2 bucks, and then it climbed its way to 30 and higher.
I know, I had 7000 shares before ER and Flipped it short after the gap to 25. But never went long after that. dont have the patience for long term hold.
they get rumors every month, what about us ?
YA'LL know when it happens.
These big share holders know better than to flood the market with those shares especially at the current prices. They could only sell lightly into strength or risk collapse below current $15 floor.
They cant be THAT stupid.
they got me last time, i bought calls at that 10SMA have been getting killed ever since. hope Melissa Lee doesnt bash again today, once she gets going shes like a pit pull with lock jaw.
You see it too. Any time shorts are more than 40% and don't cover it's because of all the Phantom naked shorts on top of the known 40%.
They don't have to cover ever. Reg sho list doesn't matter, they just expire cover and reshort all over again.
Have you read about 10 years ago some one calculated profits from naked shorts are also unaccounted for as its profits that don't exist on shares that don't exist that are siphoned out of the exchanges to the tune of $2Trillion annually. That much money taken out of the system unaccounted for.
Year after year
And given the lack of buying pressure or short covering. And knowing that shorts could take this down to the wire before any covering. I'm already considering this a total loss. Dam.
I made a huge costly mistake. My DD told me from the Bloomberg site earnings were on the second of Feb. Soni bought Feb 19th calls a week before.
Then they switched it to the 22nd. To match a few other sites date.
Then company confirmed the 22nd.
First lesson I learned was never fall short of an event date.
All i can do is watch my money wither away as they churn this between 15 and 17 for the next 3 weeks. Already lost 70% value too late to sell here.
Dam. Thats all I gotta say is dam. Even if shorts covered on the 18th and this went to $19. The calls would still be worthless as i have $19 strike.
I think the price would have to be about $21 on the 18th for these to be worth anything that matters.
This is the first time Bloomberg earnings calander was wrong. That I'm aware of.
Oh well. Won't be my first bad trade.
Shorts won't cover. They will just keep naked shorting. At 75% short float that means 75 shares out of 100 long shares have been borrowed to short. Plus all the naked shorts on top of that. You wonder who keeps selling to keep the price down, well nobody is. It's just more naked shorting which could be into the tens of millions of shares.
Think of it like this. As the fed printed dollars silver went down to about $12 per oz. However JPMORGAN holds a massive short silver position. It's so massive it's impossible to cover. Add naked shorting on top of that and you get a massively diluted dollar with silver at $12. Where as the true price of Silver might actually be over $100 oz.
Same with gold. Which might truly be $10,000 per oz. If we base it on dollar dilution. But uncovered shorts and naked shorts can suppress a stock or a metal for years and years. Like a pair of concrete shoes on a corpse that never floats to the surface.
My #$%$ is only 5'.2" and I pick her up in 5 minutes on Chestnut St. In SF.
She is smoking hot. A little short but the tall one at 6' was $500 more per hour.
GPRO and Jim Cramer are a death blow at this price. weak longs just getting weaker by the minute.
no dog in this fight
That many shares dont exist in this company. The OS is not even 50M shares