Whatever is announced, you can bet your bottom dollar that this will change the mindset of the shorts. They will know that there is corporate activity taking place and that their downward price bets just got a lot more riskier.
Even if the process takes a few months to play out, there will definitely be more pressure on the shorts to close out their excessive positions.
Time for everyone to take a chill pill and watch the process unfold. There's way too much expectation for instant gratification.
We should take our cues from Paul Keating, and do these shorters slowly!!!
GXY Price at posting:
$2.88 Sentiment: None Disclosure: Held