NS, I do not agree with what you have written: "But I'd disagree about the fact that 9.7% of all shares being held short meaning that MS can't short too many more. Apart from buying and selling to themselves (one entity to another), one of the things they do is to lend the shares out for shorting, then buy them back. Then when the shorts get covered, they sell them back to the shorter who then returns the shares back - again - to MS."
When the big boys sell and buy among themselves this is a zero-sum game. What one loses the other gains and vice versa. There is no way around it. The only time they can make money is by buying cheap stop losses of other investors or by selling short to other outsiders at higher price. If the market is in fear this trick works because people are selling out of fear. But if the market is in demand, their shorts are absorbed by the market and their stock is gone. They can not buy them back at cheaper prices. So, when the market is greedy they LOSE money. They make money ONLY when the market is fearful. People that spread these legends about omnipotent big boys, only help them frighten honest investors and help the big boys make money on their account.
LYC Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
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