What's going on out there with the shorts?
posted on
Feb 20, 2008 08:50PM
So what's going on out there? Is there a large naked short position in Kimber? And if there is when are those guys going to liquidate it? You would think by now that a certain investment bank's hedge fund compadres would have figured out that the financing is going to be done privately and they are not going to get their cheapo shares to cover their short positions. So why are they holding on? Or are they holding on? I've been watching the action on the stock for many weeks now and I haven't seen what I think looks like a panicky unwinding of this short position. This is complicated by the fact that I am getting conflicting reports from different sources as to how large this naked short poition might actually be. How large is it? And if it is large, whyare these guys waiting so long to do something about it. Recently I got to thinking, Why are these guys any different than the rest of us who used to wait until the last minute to start writing the term paper we knew was due all term? Are these guys holding out against all hope. Has a certain investment bank made promises that they can't keep and just been afraid to tell these guys about it? Are these guys telling this investment bank, "Get the job done or else?" And it, in order to save face, has been saying, "Don't worry we'll get some sort of deal done." It looks like no deal is going to get done, so maybe we will see a large unwinding of a short position in the next few days. that would be nice. I wish I had more info on what those jokers are doing out there screwing around with this stock. It will be interesting to watch over the next few days after the deal closes, which it must within the next week or so, to see what happens to the stock price. SB