JuIieRichards wrote:
Did I not read this OTB post right?
"Please don't post useless information on short interest for this day or that week, as it means nothing. Any accumulation relies on a series of shorts, and a series of buys, so that information is meaningless."
Let's get that TOTAL SHARES SHORTED number right for August 15 by this coming Saturday. Otherwise it's only FAKED bearish sentiments with no real Balls. There needs to be an increase of 2 Million more shares shorted to take notice.
So let's look for 12.3 million total shares shorted, updated after this Friday for August 15. Otherwise it's all dribble.
OnTheBalance wrote: Last reported TOTAL SHARES SHORTED was the July 31 data at 10,231,582 shares, which was the third bi-weekly period that it declined. Given so many expert :) comments on this board, the August 15 data that comes out by end of this week should show a huge increase in the total outstanding shorted shares. Awaiting this data. :)))). To demonstrate the loads of bearish conviction with some real action.
Please don't post useless information on short interest for this day or that week, as it means nothing. Any accumulation relies on a series of shorts, and a series of buys, so that information is meaningless.
One other point. Spurious posts about AC's share buybacks pre-covid failed to state that AC's share buybacks were pathetically small, and much lower than what they had permissions for. and compared to the US airlines that were busy with massive buybacks, and handing out dividends, AC was a miser. AC had been busy updating its fleet (ROUGE10 has posted several times on this subject) ahead of most of the US carriers, instead, and building its cash position. In late 2019, one analyst had even questioned why AC was not buying back far more shares like other airlines were, and chided AC for holding too much cash. Whether posters are posting incorrect information out of ignorance, or malice is unknown, but they sure don't have the facts. And most likely, don't want to have the facts. As for the Feds 'helping' program, good chance AC will never draw on it, except on the 'REFUNDS" fund at 1.211% interest :))). Why not draw $1.2B out of the $1.404B available, and hang on to it for full 7 years? Pretty smart to do so, don't you think. But cancel the rest of the Feds program along with the warrants. ALL ON THE WAY. And AC will most likely retire the convertible notes issued in 2020, before the end of 2022. Conservative management, I like their style. Cancelling the warrants and notes are an equivalent to a buy back, as it resists further dilution while looking responsible in the eyes of debt rating agencies that don't like dividends and buy backs.