Re: 32,500 forced buy-ins - Short selling and delivery failures
in response to
by
posted on
Jun 06, 2018 06:06PM
Thanks for the kind words toinv, its appreciated. So often forums such as this devolve into little more than sword play, and I know that I have been guilty of it myself. Its easy to understand why, opinions are just...opinions, but when one has their point of view challenged its hard to keep the ego in check. So I will underline that these are my opinions, and that others can of course disagree.
Yeah, I guess I wrote that late at night or early in the morning. I suffer frequent bouts of insomnia and sometimes I can't shut my brain off until putting a thought or idea down in word form. I've been trying to avoid cluttering the board like I used to, my OCD is being treated with Apa-ocd-alone :-)
I think it has reduced my incidences or RRP or Repetetive Redundant Posts.
If I understand your central question correctly it is this. -That tree shakers are betting on success. - Yes, you understood my point of view, that is what I am saying.
I will ask you to consider this. Price serves as confirmation for a lot of investors. To put a fine point on it I will express it this way: No matter how confident a retail investor is about a news item being either good or bad, it is only when the stock makes a definitive move either higher or lower that the retailer truly believes his assessment.
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Let us just assume that tonight RVX puts out news that the SSRA has been concluded and has determined that no modifications are needed, included in that assessment is that BETonMACE is properly powered at ~2400 patients with no need to increase enrollment.
Is this good news or bad news? I think most here would view it as good. But I would also suggest that there would be some anxiety over the upcoming trading.
Let's assume that the news spurs buyers to put in orders for say 200,000 right at the opening bell. But there's a short seller who is willing to fill those orders to clear them out, then dumps an additional 300K shares that have been borrowed back into the market to tank the PPS.
How would retail react? What the....I thought, geez its going down!!!
I have decided my shares are worth at least $10 each....and frankly I don't care what happens, RVX has no following. Its not being touted or pumped anywhere that I'm aware of. To me that means big players, who perhaps are 'in the know', they can push the PPS around like a puck on an air-hockey table.
I'll leave it there....if you want to discuss further we can take it off the board via PMs.