CHK short position has massive rise | CHK Message Board Posts

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Msg  71061 of 71068  at  1/11/2019 8:11:51 AM  by

movin_on_again


 In response to msg 71060 by  grady
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Re: CHK short position has massive rise

 Grady this has a lot to do with the WRD transaction and folks not wanting to receive so many shares of CHK stock...
 
I have seen this in the past where investors sell short their soon to be received shares usually to lock in the gains and once the transaction is completed they simply give these shares for those they already sold...
 
Remember before this acquisition was announced the short position was in a steady decline and once this news came out it reversed big time... 
 
What would be interesting here would be if this deal doesn't get approved and what might happen with the massive covering as I believe a lot of these that are now short and growing are rank amateurs and could get hurt...
 
Not that I expect this transaction to die on the vine but there is a slim chance of this happening.. 


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Msg # Subject Author Recs Date Posted
71062 Re: CHK short position has massive rise grady 0 1/11/2019 9:07:40 AM


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