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Post by longstocking on Aug 12, 2015 18:55:30 GMT -5
longstocking, I'm not sure there's any way to get verification, but absolutely it is possible that BofA already purchased the shares. I'm betting, though, if they did, it's only very recently and in the sub $4.50 range; hope they haven't, it's always nice to have someone stuck on having to deliver that many shares. Oh, must edit, Harry probably knows! Thanks for the response. I thought that was the answer to the question, but then again Harry seems to know everything. |
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Post by kc on Aug 12, 2015 19:25:17 GMT -5
longstocking, I'm not sure there's any way to get verification, but absolutely it is possible that BofA already purchased the shares. I'm betting, though, if they did, it's only very recently and in the sub $4.50 range; hope they haven't, it's always nice to have someone stuck on having to deliver that many shares. Oh, must edit, Harry probably knows! The never sold them. They held them allowing shorts to short them. Collecting their interest payments from the shorts. The question is was it on 9 million shares or 4 or 5 times that? They know how to play the market and to play games . |
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Post by longstocking on Aug 12, 2015 23:29:59 GMT -5
longstocking, I'm not sure there's any way to get verification, but absolutely it is possible that BofA already purchased the shares. I'm betting, though, if they did, it's only very recently and in the sub $4.50 range; hope they haven't, it's always nice to have someone stuck on having to deliver that many shares. Oh, must edit, Harry probably knows! The never sold them. They held them allowing shorts to short them. Collecting their interest payments from the shorts. The question is was it on 9 million shares or 4 or 5 times that? They know how to play the market and to play games . So if they want to stop loaning their shares and call them back how long do shorts have to produce the shares? Sounds like it could be a significant contributor to a squeeze. |
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