BET Shorting

[comin2getme]

Since we've come up from $0.30 they have stopped covering.
I wonder how they think they can cover at a lower price once the buy back starts?

There is more than 1 shorter. 1 of them has covered forsure...
I'm expecting large expenses in the report. Payday is still a while off. Keep the finger on the trigger on the blood days.

Also, the buy-back is timed nicely with the employee stock release... if they want to sell their stock, BET can use company money to stabilise the SP... just a wild theory....

This is a long term hold.

 

[Lattelarry]

There is more than 1 shorter. 1 of them has covered forsure...
I'm expecting large expenses in the report. Payday is still a while off. Keep the finger on the trigger on the blood days.

Also, the buy-back is timed nicely with the employee stock release... if they want to sell their stock, BET can use company money to stabilise the SP... just a wild theory....

This is a long term hold.

Yeah whoever was covering a lot at $0.30 played it very well.
Not sure what the game plan is if the SP keeps rising.
It seems they just hold and hold if it doesn't hit their target, provided their owners don't recall them.
Maybe if we get back way over $1 and if they are on margin and start getting called they might close too.
It should be pretty obvious when it eventually happens.

 

[TeddyFiles]

The anticipation is killing me!!!…..The Insto shorters would know how to play this game…..Macquarie may just payout their share loan agreements and become our second biggest shareholder.

This is my fear. Damage share price possibly forever and they get away free and clear. I don’t want the pond scum involved with BET

 

[Lattelarry]

Shorts still not reducing with the buyback started. Back to No 2. as well.

 

[TeddyFiles]

Shorts still not reducing with the buyback started. Back to No 2. as well.

View attachment 11693

That’s good news I would think.

 

[TeddyFiles]

…so they sold and BET bought them??

Would explain the conundrum of why would people sell I guess. Thanks shorts

 

[Lattelarry]

…so they sold and BET bought them??

I like to think that
It will be interesting to see if the last week of rising SP has been from normal investors or the shorts buying back.

 

[Lattelarry]

I think the shorts have been buying ahead of BET’s limit….it feels calculated!

I would be doing that if I were them. Best to close out now and move on to a company that is actually in trouble rather than one that's growing quickly.

The SP was around $1.30 before the attack started. I could easily see it going back to that when shorts go back to 1.25%.

 

[Lattelarry]

 

[Masteri]

Strong comments from Todd on shorters
They have got it wrong.
That’s a challenge to them

 

[comin2getme]

Strong comments from Todd on shorters
They have got it wrong.
That’s a challenge to them

Lots of answers!

 

[Hume201]

Hope the BET broker is at work today, don’t want to see a repeat of last Monday

 

[Lattelarry]

……or Tuesday…or Wednesday….or Thursday….or Friday

I'll take any day at this stage

 

[Lattelarry]

Looks like someone has reloaded to try and push it down into the 30s again

 

[Ibetfixed]

Looks like someone has reloaded to try and push it down into the 30s again
View attachment 13687

I think that was transacted after market close yesterday .. would that have anything to do with the Macquarie Bank / Waterhouse arrangement ie returning shares to Waterhouse at the current market price ?? Or is it the opposite ?

 

[Lattelarry]

…..maybe BarrenJoey has decided to short us as well!!!

Yes great plan to get the buy back shares cheaper!

 

[TeddyFiles]

Looks like the shorts were very active today. Volume non existent early. Mind boggling. We add more revenue (yes only on paper at this stage) yet we fall 2 cents. Patience required but not my strongest virtue.

 

[Lattelarry]

Looks like the shorts are back to hammering BET again.
A lot shorted yesterday and maybe again today.
Doesn't look like the buyback has restarted unfortunately.

 

[TeddyFiles]

S

Looks like the shorts are back to hammering BET again.
A lot shorted yesterday and maybe again today.
Doesn't look like the buyback has restarted unfortunately.

someone's picking up the cheap shares. Good luck to them.

 

[Lattelarry]

I gave up tracking the buy-back limit……..in simple terms if they don’t buy-back it probably means price sensitive news is on its way…..still think the limitations on BET re buy-back is ridiculous in comparison to what the shorters can do.

yeah im waiting until we see it start again to begin tracking the VWAP again.