4 Ways To Protect Short Cat got everyone's tongue regarding the massive naked shorts that are oustanding regarding Galway.
What do we think is the most likely scenario here for them to cover?
1) A private placement (not likely as Galway is about to monetize at least one of their assets)
2) A buyout in which you are the buyer
3) Covering in the market (not likely as there seems to be a bigger agenda then just a straight short and cover)
4) A paired trade in which you are offsetting your short with a long in another stock (maybe CBJ if you think Galway is going to then buyout CBJ).