ShortSlaver
Member
I assume you are referring to the boatload of margin calls that shorts will be receiving after the close today. Those shorts hoping to avoid the bottleneck at the opening tomorrow, indeed must try cover their positions during the final hour today. I hope no one here plans to provide the shares that the shorts desperately need to buy today, tomorrow or Monday. A short usually has two business days to comply with a margin call, and most of those calls will be going out this evening.
Yeah this is the first round and beginning of the tsunami. I'm absolutely certain this thing will continue to climb over the next week well into the $90's is my guess. I've been all over the options board today buying and selling and laughing my way to the bank. Me shares is me gold though and sitting at my side.