RE:RE:RE:RE:stock priceMeh... those shorts will lose some but not a huge amount.
This message board is already starting to stink from their sweat though. :)))
As you are aware (I am quite sure anyway) by first buying options in the form of warrants that give the right to repurchase the stock at $0.20 or $0.22, it is possible to short and use these as insurance.
The sweating shorts were counting on copper tanking below $2.50 (maybe with silver going up simultaneously) and they have become quite bold... but that is what makes a market... until the 'GameStops' anyway.
We now have a guarenteed pool of 25,000,000 worth of buys... Let the games commence fcukr's
N
MarkAble wrote: All those shorts is a concerning to say the least. Shorting a stock at 16 cents sounds pretty risky given the potential upside loss so these shorters must be feeling pretty confident the share price is going to fall before making that bet. Back to single digits again???