Post by
retiredcf on Sep 11, 2023 12:47pm
Shorts to Blame?
It doesn't make much sense our SP to be down at these levels after the recent share buybacks. That said, I just noticed that in August, the % of total short trades and value of these trades rose from 4.2% and 3.6% respectively to 13.3% and 14.7% by the end of the month. So it would seem logical to conclude that the shorts are at least partially to blame. GLTA
Comment by
Sellthedream2 on Sep 12, 2023 1:18pm
Doesn't make a lot of sense at all. I think they will start another share buyback and be able to get them back even cheaper. They will save money getting off the Nasdaq now and maybe by 4th quarter get back to making money again..