RE:RE:It's Amazing To Me ...Yoda would you be kind enough to explain why they are losing 1% a month? If the SP keeps going down do they not keep making $$$?
YodaLayhehoo wrote:
Every month the short positions are losing .80% plus whatever fee they are paying for the shares. They are probably losing over 1% per month holding this. At some point the shares will hit a wall of buying we're already below book value which is usually when you want to buy a utility. It's tough to hold a long time frame short on this one. The new short positions taken this week are about to get hit with that 1% next week plus possible index buying.