RE:RE:Flushing out the Shorts? brent11 wrote:
Yes. Interest is accumulated on a daily basis. But I rather doubt it is 8.5% daily. Perhaps annually, depending on the classification/risk level of the stock in question. At any rate, I am not a shorter, I detest them - or rather the laws that let them exis,t but no mistake, it is a burden that they must bear. Cheers.
I don't know myself if it is 8.5% daily or annually but you can bet that being banks, they will probably be compounding the interest daily, and that'll be interest on the interest owing as well so it will accumulate faster and faster with time. I hope the shorters asses get fragged big time. I doubt it will affect Westernedge though. That scumsucker who started the short attack is probably long gone and laughing sitting on his pile of blood money, the stinking pile of turd..