Originally Posted by
relmor2003
Homer.... You may have noticed the short interest in SiriusXM. Due to its high float, percentage wise, its not that bad. I ask for Homers opinion here, but its open to anyone who can help, OF COURSE. What part, if any, of those shares are lent shares? I say zero. Is this correct? So its actually higher. Since retailers are not allowed to short this stock, we can assume its from ONE or TWO hedge funds. Is it possible these hedge funds initiated the short position, are working 100 percent outside the request from some big money to keep the short going until all major puchases at these low levels have been completed. Then they will unwind their position. Or do you feel that its a big institution or mutual fund who actually is betting against SiriusXM legitmitably? With such little downside? Seems unbelievable. Its acutally gone up as the price has gone up, as if some big money knows something(been wrong so far since Feb.) or is expecting something bad to be announced. Since percentage wise , its still not a huge amount, would you say.... expect to see them on this list if there were only 300 million shares? Of course they wouldnt be. But would the percentage of short interest drop? What concerns me here is the huge time to cover. Means the short is working, no reason to cover yet. I had expected the SI to drop in March. Im a bit confused by this. Maybe thats why it went up, simply to confuse retail investors away from this stock.
Homer and John, cos1000, brandon, newman, demian.... Whoever....
At what price would you purchase a put on this stock? .60 cents? .80 cents? When it crosses a $1? Im looking to hedge my position at some point. Rather than sell on the way up. Considering a strategy change.