What happens when...
posted on
Mar 25, 2005 08:37AM
What happens then to those naked shorts ?
If I was Atul, I would have some serious conversations with companies like APS/Wencor and that Asian OEM about owning a piece of EDIG...
``Investors that know that the company has the goods can sit back and buy shares at a tiny fraction of book value and thereby average down their previous purchases. Since the size of the naked short position is of a cumulative nature, increasing with the age of the battle, a point is reached wherein the naked short sellers cannot afford to cover this massive naked short position without driving the share price to the moon.