Memorial Day, Monday 29 May 2000 = GSTRF short squeeze day. A suitable day for swapping stocks to a cash account and inducing a short squeeze. |
Here is the short interest. If anyone thinks this is a dumb idea, just hang onto your shorts.
Memorial Day seems an appropriate day. Memory of warriors in battle. Good against evil.
It would be a nice time, just before the summer holidays, to have some fun, get stock prices going up, having a battle with shorts. Silicon Investor Short Squeeze Day!
We'd find out the effect of the internet. Does it wield as much power as Wall Street shorts? Who is and who isn't BIG-TIME? Do we little guys add up to a big-guy? Does communication give synergistic power?
That gives time for a bit of marketing, a bit of pyschological pressure to build up, a few more subscribers to hook up to provide some fundamental pressure. It will be before the month end so new information will be coming out not long after that. Maybe it will be before a new summer Globalstar marketing campaign [in the northern hemisphere] and a winter campaign in Brazil, Argentina and Australia.
By leaving it until Memorial Day, shorts need not panic now, but can be quietly led to the ambush and subsequent massacre. Of course, the cunning shorts will cover the day before, buy a swag more, ride the spike up, then sell and short at the peak. Oh well, there are always a few who get away and that would be fun for them to boast about their success.
So, I hereby declare Memorial Day to be D-Day.
Since that's probably a stockmarket holiday, people will have to do their stock-moving the day before or the day after. I suppose the day before would be best. I imagine there will be some pre-emptive strikes of various kinds as the shorts won't want to be caught up in a stupid self-fulfilling mania by a pack of thread morons [just in case - not that it would actually have any effect at all...heh, heh, heh].
Meanwhile, it's a no-lose game. Just hang onto stocks and don't sell on the spike. The worst that could happen is that the share price would go back to where it was! It's like going for a roller-coaster ride. Fun, but not really useful. Not fun for shorts caught short though!! Especially if Memorial Day happened to be the low price never to be seen again by Globalstar Telecommunications Limited. Which it just might be!!
Three weeks to go.
PS: Some of my best friends are shorts. I do NOT subscribe to the view that speculators or shorts are in any way bad or even undesirable. They are just part of the financial world's balancing act and predictive methods.
Note 1 This is a filtered stream. Obnoxious people will be ditched! Shorts are welcome. It is also a good ranting and raving stream to avoid dilution of the 'fundamental analysis' stream with thousands of pointless posts.
Note 2 As the number of QUALCOMM streams increased, so did the share price...shorts have been warned. You have nearly 3 weeks to cover. Bottom-fishers have three weeks too!