GREY:BLITF - Post by User
Comment by
lr8970on Oct 10, 2014 2:46pm
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Post# 23019628
RE:RE:Someone caught in a short squeeze
RE:RE:Someone caught in a short squeezeGood catch guys. Seems someone sold 50,000+ FMR shares they didn’t own and drove the stock down to $0.21 but they didn’t have enough money to buy the $0.26 blocks in the market, so now their broker is obligated to pay the difference and the trade went through house 1 with a 0.05 premium (.26 + .05). Looks like the shorter got "Burned".
The next Short Postions report will be for Oct 15:
https://www.stockwatch.com/Analytics/Shorts.aspx?action=go&symbol=FMR®ion=C