Post by
RagingBull3 on Nov 01, 2020 4:17pm
Over 100,000 Preferred "C" shorted as of Oct 15 I think!!!
Friday's volume 6,100. Yikes! Interesting to see next report. Bright side... losses on the shorts limited. Max price of Preferred shares would be around $25.
Not sure who's crazy enough to short a Preferred, the Yield alone would scare the pants off of me.
All just my opinion.
What would happen to a short that couldn't buy back the share???? Preferreds so illiquid. If the company starts to redeem them....what happens to the shorts??!!!
Comment by
Leopold on Nov 01, 2020 5:55pm
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