Good news for the the fund that covered and bad news for the one that sold. That much is clear to me.
What I don't like is that funds are selling 3 mln shares at the bottom of the market. Means our major shareholders are not as steady as I would like.
I just listened to Jim Sinclair's interview at Sprott's and he referred to the DTCC allowing naked short selling (likely without any limit, my guess). This is and has been the crime of the century as far as I am concerned, because no company can defend itself against this crime. It rapes and keeps on raping shareholders against short sellers. By definition it is destructive, because it wipes out all normal market incentives. It is a fascist tool of robbing the public. When are the major/shareholders of the DTCC like GS, Bank of NY Mellon ever persecuted. Probably not before the US and UK markets have totally collapsed and been taken over by the Chinese.
