Jul. 29 at 3:50 PM
$RITM I know you guys may not understand, and I guess it is possible I could be wrong. But if everything stays as it currently is.....if you just set sell orders high, even if you dont plan on selling, You will see this stock rise another
$1+ in the next 2 weeks, IF, and that is a big if....there are still even 30M shares short.....it is going to take them a while to buy back borrowed shares they must purchase to cover. Now it is possible many of them covered when this went into
$8's and before ex dividend day......because if you borrow shares to short you are responsible for the dividend. I have done the math. 70% of shares are locked up in tutes. That leaves 30% that can be bought and sold, so say 165M shares, and 40M of them were borrowed by shorts. You figure of that 165M at least 50% of them are people like me who will never sell our shares. So that leaves 80M shares and half of them are short. If you set a sell order, it further reduces shares they can buy cheap. Make em pay!
