Originally posted by 618:
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Without knowing the underlying details of those disclosure, we have no way of knowing whether they are intermediaries, principal, or otherwise. So won't comment on those. Also, it doesn't (shouldn't) really affect our thinking or investment strategy. What the funds and shorters do will eventually wash through. They can short it forever in theory, but unless the share falls to 0 or at least keep falling, the shorters don't actually make any money until they cover. Yes, they can report mark to market gains for their funds' returns in the mean time, but at some point, they will have to buy back/cover. I am holding till WE and Peaker come online, so I am in no rush and can easily outlast the shorters.
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Why would JPM buy stock to facilitate shorting. The result/aim of that shorting being to lower the price.Sounds like a surefire way to lose money even after the lending fee.
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