"Huh? Are you saying that, after doing an enormous amount of homework and buying in, Regal will borrow SYR shares to short them? Doesn't make sense"
BTW, georgedb, does it make sense that Bank of America, with their holding (currently at 8.70%) in SYR, frequently "borrows" SYR shares to short them? And they have been doing it since early 2013. Assume they too did an enormous amount of homework - or did they simply get a good deal with those options/shares sold to them by directors?
I think you will see funds do what funds do to line their own pockets and the rest of us are "shark bait".
SYR Price at posting:
$3.46 Sentiment: None Disclosure: Not Held
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