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If you have the cash, buying does trap short sellers | 709 comments | Create New Account

Comments belong to whoever posts them. Please notify us of inappropriate comments.

If you have the cash, buying does trap short sellers

Authored by: Wol on Saturday, May 11 2013 @ 10:41 AM EDT

And yup, this is what Porsche did. I think about 90% of the stock was close-held
and about 20% of the stock was short-sold.

If you get a couple of friendly investors to mop up 15% of the stock, AND HANG
ON TO IT, then there is no way for the short sellers to escape. When they need
to deliver the stock, it can't be had for love nor money.

If Overstock and friends could buy stock to the tune of all that outstanding in
the market (difficult in a stock that has a large float and is not closely held)
then it would have been a disaster for Goldman Sachs. Dunno who pulled the stunt
on Porsche, but it was a disaster for them.

Cheers,
Wol

[ Reply to This | Parent | # ]

If you have the cash, buying does trap short sellers - Authored by: PJ on Saturday, May 11 2013 @ 11:28 AM EDT
- If you have the cash, buying does trap short sellers - Authored by: Wol on Saturday, May 11 2013 @ 02:05 PM EDT

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