Post by
sinusoid on Feb 23, 2022 10:10am
Market depth
is showing massive support building. I really like the look of this, and it makes sense with POG steadily increasing too. I wouldn't be surprised by a sudden move up of 50% as the shorts are forced to cover
Comment by
Flopticalcube on Feb 23, 2022 11:09am
Shorts will be using the PP to cover. They won't be forced to do anything.
Comment by
sinusoid on Feb 23, 2022 11:12am
Oh right, good point. Still good to see near-million qty of bids sitting just one or two levels below market
Comment by
Flopticalcube on Feb 23, 2022 11:15am
Yes they have been there almost from the PP announcement. The PP closes tomorrow (or maybe tonight). At least there are no warrants attached and they only sold as much as they needed.