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UDHC - Divi Covering Run Coming Soon...
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[QUOTE]Originally posted by PCola77: [QB] Someone correct me if I'm wrong, but I think this is how it went down: They did a 2:1 split (which they called a 1:1 divi, but same thing), and some people supposedly got the shares credited to their account early. So theoretically, they could have sold those shares, and essentially been short 1 share for each that they had previously. Someone will undoubtedly correct my math if it is wrong, but I think there was a total of 4mil shares traded between when the divi inadvertantly went out and when it was out for real, so the absolute max number of short shares would have been 4 mil. Realistically, if people sold both the divi and original share, the max would be 2 mil, and since we all know a good chunk of those were probably flipped, I've always been of the mind that there is no tangible short out there, and each of these runs has been driven solely by hype and a news item here and there. Hope that helps. [QUOTE]Originally posted by kermit42: [qb] Who is supposed to have sold the air shares? Because if it's the MMs or a hedge fund, forget it. There will be no squeeze. PAIV happened because retailers were on the hook--no dark sinister forces protect us behind the scenes--but if it's anybody with clout, you will not see a short cover no matter how many shorts are out there. [/qb][/QUOTE] [/QB][/QUOTE]
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