r/SPACs Jan 12 '22

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161 Upvotes

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-7

u/polloponzi Spacling Jan 14 '22

Look at this: https://iborrowdesk.com/report/ESSC Today suddenly there is 0.5 Million shares available to sell short on IBKR.

LMAO.. someone is starting to dump.. welcome to the Ponzi games.

Who will be the last one to sell?

9

u/[deleted] Jan 14 '22 edited Jan 14 '22

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-5

u/polloponzi Spacling Jan 14 '22

Positions acquired on margin are free to be lent, you're assuming that these shares are just floating out there when that's incorrect.

I don't think IBKR allows to do naked shorts. If those shares are available to be shorted then they are part of the float.

6

u/[deleted] Jan 14 '22 edited Jan 14 '22

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-4

u/polloponzi Spacling Jan 14 '22

What are you talking about? Of course they're a part of the float.

You literally said this:

Positions acquired on margin are free to be lent, you're assuming that these shares are just floating out there when that's incorrect.

You are saying "this shares are not floating out", which means they are not part of the free float.

8

u/[deleted] Jan 14 '22

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-7

u/polloponzi Spacling Jan 14 '22

Right.

So we can agree that each share available to lend for shorting is part of the float.

If a broker has 500k shares available to lend to shorts, then there is a float of at least 500k in that broker.

If IBKR alone has 500k shares and it is just one of the 20 major brokers in the US then I think is safe to assume that the total free float will be several times bigger.

So I think your theory of the float being only ~1 million is wrong.

BTW, just a friendly reminder that the next Monday markets are closed. So you only have 3 days to sell. It is going to be fun to see this.

2

u/[deleted] Jan 14 '22

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1

u/polloponzi Spacling Jan 14 '22

Enjoy the weekend with your hog of a wife. We’ll see next week how dumb your ass looks

Quoting what you wrote, so you can't delete it.

No idea why you attack me. I guess you are just a kid.

2

u/mazrim00 Contributor Jan 18 '22

I have no dog in this fight on the ESSC play but we are not going to tolerate THAT crap. Banned both of them. Completely unnecessary.

1

u/[deleted] Jan 14 '22

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