'Tree' pid='20304' datel Wrote:Tension between need to cover and how to knock pps down.
I'd go for $20+ drop in a day or 2 if I ghd to cover.
I have my idea how I'd do that and I'mnot even going to talk about it. Point is, we just may get a ST real nasty baseless allegation and it should be this month.
Might not need any nasty allegation. So far it has dropped from $77 to almost $68. A $2 drop a day gets the PPS down $20 without much fanfare. Most of the shorting is naked at this point. Much easier to do on offshore dark pools, which is a lot of IOV volume. So they can short heavily and cover slowly batting shares back and forth for a few days prior to having to face delivery.
Maybe the plan is to drop it for as long as that works , until some buying steps in, which hasnt happened yet, and then drop the bomb looking for a 10% drop day. Who knows. But they are clearly in the drivers seat