RE: RE: RE: RE: Short position........... I too agree betting againt LEG is unwise, but today they seem to get the upper hand of squeezing our SP and we are down close to 3%.
You know there has to be better regulation regarding shorts. LEG only has 143.3 million shares outstanding and with 24 million shorts!! That's 16.7% of all LEG shares, or 1 out 6 every LEG share is being shorted. Come on!!! Where did these shorters get their hands (borrowed according to the rules) on that many shares? Do we sense a blantant case of naked shorts abusing the un-policed system? You be the judge. And yes, the only way to fight back is to burn them. And yes, they'll have to cover sometime and the key is at what price? If they can beat down our SP and cover at that level they win - and we lose big.
The company can easily do that with some positive news releases Let's hope that comes ASAP. LEG's SP can never takeoff with these maggots in tow for too long. They destroy the value of your stock at your expense.