02-02-2013, 02:38 PM
It seems to me that in July and August the PPS went from 70 to 99 mostly because the Shorts did some covering; I don't recall how many total short shares were covered back then but I believe it was less than 2 million.
The Short holdings then started climbing and here we are back to below 60 and a new all-time-high Short count.
Methinks that when the small fry Retail Shorts are obliged to start covering in early March, the PPS will rise by at least $25 for each million they cover. Maybe 3-4 Million shares and up to $100 PPS increase beyond the lift from the SD deal. So, with the deal we pop to $120 and go over $200.
That would leave 7-8 Million shares short and in the hands of deep-pocketed crooks.
This begs the question whether the deep-pocketed big boy Shorts will try to hold onto their position after the run-up, thinking there will be a reversal back to $120, and not cover?
This leads to the ultimate question of WHO is lending their shares to these guys and WILL THEY CALL THEM IN THEREBY FORCING THE BIG SHORTS TO COVER???
If Wayne has been doing his job, he's convinced Richard Chandler, Wells, Fidelity, Cap Re and all the others to gang up and call ALL their lent shares home to roost when the SD deal is announced.
Is Pavel predicting a Short Squeeze (he's pretty confident we'll see one) because he thinks he knows what the big IOC shareholders might be planning to do????
Time will tell.
The Short holdings then started climbing and here we are back to below 60 and a new all-time-high Short count.
Methinks that when the small fry Retail Shorts are obliged to start covering in early March, the PPS will rise by at least $25 for each million they cover. Maybe 3-4 Million shares and up to $100 PPS increase beyond the lift from the SD deal. So, with the deal we pop to $120 and go over $200.
That would leave 7-8 Million shares short and in the hands of deep-pocketed crooks.
This begs the question whether the deep-pocketed big boy Shorts will try to hold onto their position after the run-up, thinking there will be a reversal back to $120, and not cover?
This leads to the ultimate question of WHO is lending their shares to these guys and WILL THEY CALL THEM IN THEREBY FORCING THE BIG SHORTS TO COVER???
If Wayne has been doing his job, he's convinced Richard Chandler, Wells, Fidelity, Cap Re and all the others to gang up and call ALL their lent shares home to roost when the SD deal is announced.
Is Pavel predicting a Short Squeeze (he's pretty confident we'll see one) because he thinks he knows what the big IOC shareholders might be planning to do????
Time will tell.