Herbal Dispatch Inc LUFFF

500k short position covered

[Golddetector]

Latest short report shows that about 500000 shorted shares are cover during the last two week. almost all short positions covered. I think only 28000 shares are left. Ppl covered most likely at 4.5 based on sp range. So ppl are not expecting downside here and covered at the their cost or even with a small loss. Very positive for me. Have a nice weekend longs.

[GalAnonymous]

Thanks for the info @Golddetector, however this kind of raises more questions for me: do shorters have a timeframe or a deadline by which they have to cover their positions? And why would anyone short it at this level? I know the history of LUFF and I understand why people would short it to a penny back in a day when everything went down but our 52 week high was .065 so I'm just very surprised

[Golddetector]

The short here is very small not even 0.1% and now it is pretty much nothing. Typically stocks have some short after each leg up as ppl try make money from a consolidation however it did not work very well in this case. Luff did not even weakness during the pullback 2 weeks ago. 

[GalAnonymous]

Thanks! :) I'm sure you guys know it already but I'm reading in detail about short-selling right now - apparently there is no limit how long you can hold your short position for but you have to pay interests on your margin loan. I understand that when stocks go up they have a pullback and consolidate a bit lower but shorting at .05 cents is just against any logic for me, I mean your

[Chitoryuteacher]

I'm with your optimism Gal!  Looks like we hold a few of the same stocks :) 

[GalAnonymous]

Oh, awesome!!! Welcome aboard :) Smokey is here too and other longs are positive, informative and accumulating a lot of shares at this price. I know at this point Luff is just a waiting game and there is not as much to discuss as with CBDT but I hope you will post here more often :) Good luck!

[Chitoryuteacher]

Ok cool.   yes I was glad to see you were on this board. I'm in Loop, Empower, Good natured, Qyou and Luff.     

[GalAnonymous]

I checked them out but the SP is too high for me. I like to have at least 100k shares in every stock I own and I don't mind waiting so I'm only looking for stocks under .10 cents. My best investments so far are CBDT and SAY (entry point @.06) but I'm a bit disappointed I didn't get more shares when they were trading for pennies. Oh well, you leave and learn - LUFF is my biggest

[Maxdude]

Short selling in principle can benefit shareholders. It's a way of keeping management honest....if they want ot beat the shorts, then create shareholders value to increase the buying from various kinds of investors. The naked shorts sell even without borrowing the shares vs short selling borrows the shares they sell. The issues of naked shorting have to be addressed by the authorities.