RE:Current share sellers are purely shorters or Auto Robosfundtrader wrote: No one in their right mind would sell their shares so cheap unless they are desperate for cash or have a margin call. Shorters are going to be licking their wounds for years if an offer is announced. Almost 13 million shares are short. a 20 + $ upside makes that a billion $ loss for shorters...
Well activity in the amount of calls could be an indicator of how shorts might want to protect themselves against an upside but there's no activity so I don't know about the short squeeze happening this month. Also this is stangely reminicent of the BB discussions back in May where the buyout talks were at their peak. Nobody should bite and juste be cautious and hedge. I don't know where it's gonna go, but I'm bearish, and you don't know either so better protect whatever you have.