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CMKX II new Thread. Get it while you CAN !
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[QUOTE]Originally posted by Upside: [QB] originally posted by cool1sh: [QUOTE]Did this short squeeze ever happen before? I think Debi mentioned TASR. Did it ever happen in penny land? Also if the MMs are really short of billins of shares, are they really going to cover?[/QUOTE] I guess it depends on the actual number of actual naked short sales and at what price they were shorted. Lets say that there are in fact a trillion shares sold short "nakedly" (that's a number that's been kicked around here a lot). Then, for whatever reason CMKX goes to $1.00 per share. That means that the shorts have to cover somewhere in the neighborhood of 1 trillion dollars. Are they going to cover? Not a chance. Lets say it goes to a dime. That's somewhere around 100 billion dollars. No, that won't be covered either. Firms will file bankruptcy, deals will be cut behind the scenes, and you and me, Joe shareholder will be left holding a big empty bag. Even at a penny or 1 billion dollars I doubt that any of us would see much of anything. The naked short theory is attractive on the surface but in reality, the only chance you stand of making money on this company (long term) is by them doing what they claim they are doing and producing positive results, thereby increasing the shareholder value. [/QB][/QUOTE]
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