USMJ Naked Short Scramble To Cover-Before-Dividend
Post# of 413
Posted On: 08/02/2016 10:54:40 AM
USMJ Naked Short Scramble To Cover-Before-Dividend ...
When companies go zero bid, they sometimes become vulnerable to naked short sellers that anticipate the end of the business and no one coming after their naked shorts.
But when a business like USMJ clearly indicates that the game is not over ... and in this case a dividend is going to be issued ... and dividends don't get issued if there is no certificate ... so the guy that purchased stock from someone that had no stock to sell is going to get pissed when he doesn't get his dividend ... now we have a short squeeze.
In my opinion, what we see right now is scrambling to hold back the PPS so naked shorts can cover before the pending dividend date.
This could be exciting ....
When companies go zero bid, they sometimes become vulnerable to naked short sellers that anticipate the end of the business and no one coming after their naked shorts.
But when a business like USMJ clearly indicates that the game is not over ... and in this case a dividend is going to be issued ... and dividends don't get issued if there is no certificate ... so the guy that purchased stock from someone that had no stock to sell is going to get pissed when he doesn't get his dividend ... now we have a short squeeze.
In my opinion, what we see right now is scrambling to hold back the PPS so naked shorts can cover before the pending dividend date.
This could be exciting ....
(0)
(0)