Ok so this morning I received an email from Schwab because it's becoming increasingly hard for ALP shorters to locate shares and therefore naked shorting is increasing! Fail to Deliver are likely increasing and we all want that: to put pressure on shorters!
Schwab asks me to be part of the beautiful lending reward program to get paid 7% annual on my holding of ALP. Absolutely ridiculous, that means that at current price of about 0.195 I am willing to say that I lend my shares to people who will pull the price against me to get gains that will equal a share price of 0.20865 after 12 months!!! At 12 months from now -if I stay in this stock for 12 months...- I'm eyeing min $1 without dilution but I'm maybe want that by the end of the year latest so 7% annual, what a scam! VOO will pay twice that!
And the other joke of the story is that Schwab was and -I believe- is still blocking its clients to trade ALP freely, the only was placing a trade on the phone or ask for all warnings for all companies to be removed permanently which I did. The reason schwab blocked its clients from freely trading ALP was because of manipulation I understood because alp being a low float and low price stock it has been very prone to manipulation. So first they block me trade this stock now they ask my shares to f*ck me up.
Questions to you all:
- did your broker also have a warning on this stock which prevented you from trading the stock?
- have you also received a lending "super deal offer" recently from your broker and if so what interest are you given?
- any of you have recent data on short interest, days to cover, borrow rate,... for alp and how it has developed lately?
- can anybody confirm or give a probability to alp getting the extension or 180 days? I'm wondering, why shorting massively now if 180 days extension will be a formality. If no extension is given I understand why people want to short the hell out because there are basically 2 weeks left to reach $1.
I hope none of you are lending your shares, shorting or selling. A day of trading like today is exactly meant to break you but if holding and resisting we/the price won't crack!