RE:RE:FIRE Shorts to Apr16/20
johnale wrote: Look at the last two value/shares shorted - .25cents? .28cents average-
those trades are not in the money right now. plus 11.6 mil shares short as of april 5 with not a lot of volume.
Seems like they are trying to cover without making the price rise too much. holding it below .30 and picking
up whatever shares they can slowly.
when they cover as much as they can - this will fly back up. expect a pop heading into earnings. no one will want to be short with a big boggie on earnings with the demand rush that happened.
you could be right. If they are long the bonds, they can keep shorting. It's not like it's going to get away from them.
it sets up good if there is an equity issue after results. At least there will be some buyers.