RE:RE:RE:RE:RE:RE:Are shorts gone? As a "trader" you of all people should ascribe to a rule based approach to markets. You yourself last week said that, at longest, EIF should be higher up until Monday of this week before the inevitable nose dive would continue. We're at Thursday, no nose dive. Now the explanation is Cohodes is a Sell and hold shorter. Seems like a changing story to me to justify your short stance.
To the notion that these pro shorts are just waiting for the right price to push this down again: Ok... so we're at a 22% lend rate, with minimal short inventory available and an already spiked short interest position. Where exactly are they going to get this magical amount of borrow to get the volume to push this down again? Not to mention that Cohodes has already effectivly blown his load on his best arguements (if that's even what you want to call them).
You might say, well no, they're buying back shares now to re-short, that's why A) Cohodes doesnt disclose his position and B) we've seen a lift in prices. I would say there might be some of that happening, but if you look at the volumes since the stock bottomed and compare them to known short interest, it's marginal buy-back at best and anemic at worst (which btw also discredits your ex divi settlement date theory as volume levels simple dont support a short covering scenario) all the while you are helping the company buy back shares at a discounted price.
So when you realize that it took all that volume to move shares down from the mid $30s to the high $20s in additon to considering the lending rate and dividend cost and inventory dynamics, one thinking about bringing new capital into this short, given that the 'damaging info is already out in the market and absorbed", really needs to question where the value add is going to come from other than to help out the shorts already in.
PROtrading wrote: You guys are probably novices here to understand the dynamics. I'm been following Marc for months. He's not a trading short. He's a buy and hold "investor" short. Now, for trading guys like me, that was hard to believe but it's true. Most "pro" shorts daytrade. I avoid lon period shorts so and will try to settle before the weekend to avoid the non-trading day carry over, the potential news and the brokerage 'out of money" reviews on Mondays.
Now Marc and some of the non-traders that follow him are position shorts. Those people are less comfortable with trading and follow the Buffet buy and hold (except they sell and hold) longer strategy.
The real sharks are pumping up EIF so people can drive up the price so they can reshort on the highs. The real sharks are "speciality brokerage traders". They are "pros", yes, professional scumbags but guess what? They fill these bullboards.... Insiders and sell side brokers (those paid to pimp stocks) also are here...
Now, I use truth as a weapon and the best people I've met here are those who push back with truth. Some I've stayed friends with, others who have NOT been impressed with my PRO skills...
If you want to push back with BS, go ahead but if you want to be stupid, I'll just laugh at ya and clap for ya! LOL
