RE:RE:RE:Cohodes I was going by when he publically announced his short, and from a response to a tweet sent to him and he responded, "don't know EIC" which I believe was meant to be typed "EIF" Really don't care where or how much he it short -- either way this has been a questionable short that was counting on a dividend cut and regulators grounding their fleet. Neither event has happened or is closer to happening from when he thumped his chest in July! His Credibility is diminishing, his maniacal ranting escalating, his hedgie buddies snorting ....
seanbaker443 wrote: Cohodes didnt start shorting at $33, hence the short and distort. The short position started to ramp up when the share price was in excess of $40 per share, meaning his shorts are in the money. That being said, he doesnt make money until the positions are closed out, which the shorts have started to do but still have a long hill to climb. All of his minions that shorted when his report came out are in the situation you are describing.
That is why the "the game isnt fair, EIC and brokers re manipulating the stock" nonsense ios coming out now. Shorts are getting nervous as they still have 3.3 million shares to cover. And they dont want to hold this position forever with high borrowing rates and high dividends to pay out.
Cohodes is the paid mouth piece, not a signficant holder of short position. That is why he will never disclose his short position. If he came out and said he was short 10,000 shares, people would start to question who he is colluding with and how they are trading between themselves to drive down the stock price. A large amount of the volume are the shorts trading between themselves to drive the price lower, as their net position does not change and trading costs are not material compared to their overall short position. Take a look at trading near the end of the day - same culprits each day.
TraderBen wrote: mangosunshine wrote: has made his money and prob moved on. Dude is a swine communicator/opportunist. Company is making $ and will make lots more.
Huh? Cohodes has made his money? Price is within a couple of bucks of when he announced his short and with the cost of borrow plus the five dividends he would have had to pay how do you figure he has "made his money?" Another poster here (Hawaii2010) said it well:
$EIF is a "Zombie Short"