just looking for more understanding. With the short sales be...
$Troika Media(TRKA.US$ just looking for more understanding. With the short sales being up 26 million, how do you know when they have to cover?
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imaginative Camel_38 : in my opinion looking at the stock price last year max pain for the hedges that started shorting this down is probably between 1.00 and 1.40
BobbyC1221 : They don’t HAVE to do anything. They can decide if it’s worth it sooner or later with CTB running up and no shares left to borrow.
I think someone mentioned that they covered a while ago but then got back in to short at 0.25. So we have a long way to go for them to actually fully cover. Which rarely happens. They did cover some though. The SI went down about 18-20%