mogami_99

Can the Sirius XM Shareholders Rescue the Company?

Hi Your right. After the R/S the Sp will be around 6.50. And longs will dollar avg down because if they keep a position in Sirius it is because they are still hoping to recoup some of their loss (impossible but they won't acknowledge this)
As long as people buy the shorts will short. At some point the light will go on and people will stop buying shares. This is when shorts are forced to cover.
It's longs buying stock that keeps the shorts in the game.
Now what the longs keep waiting for is the SP to shoot up and screw the shorts. But since they keep buying to lower their avg price they keep fueling the short interest. How much the shorts reap depends on how long we keep buying. Once the pressure on stock is "sell" the shorts wait for bottom and then cover. (right now the SP is not moving the shorts are not interested in that .14 they are looking for the 6.50.