Brandon M

Is Sirius XM Stock Being Manipulated?

dcellerate: Here's why you are wrong. When does it become too expensive to hold a stock price down? When the company executes on its business plan and announces the refinancing of the bond in question. Short positions that have been taken at the lower price will be forced into covering, which creates a snowball effect to the upside. Eventually, even Goldman will be forced to cover that position should the 3rd and 4th quarters show progress.

Eventually, risking an additional 400 million to protect 400 million becomes a useless proposition. Should the stock rise, the gains realized from shorting are offset by the monies lost in an attempt to protect it..