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Generex Biotechnology Corp GNBT
(Total Views: 152)
Posted On: 11/27/2019 12:22:45 PM
Post# of 36566
Posted By: Pokey123
Re: bwolfy2002 #9071
You never know until the next set of numbers come out. But based on the numbers doc posted today they are still high but decreasing. I would think that since the endless supply of cheap shares was found out and since I would expect increased scrutiny by all agencies and since the dividend will be issued on Friday I would expect panic to set in on Friday and shorts to cover by end of day on Monday. Or at least try. This is just my opinion. I know very little about short sales other than how it works. I do know from a conversation with a TDA rep that if you short shares that are due a dividend that you owe the div to the account you borrowed from.
So if you take a short position pre div and hold it through the ex div date and cover after the div is paid you don’t get a dividend but you owe it to the person who’s shares you shorted. Not a situation I would want to mess with.













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