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ProShares Trust Ultra VIX Short Term Futures ETF UVXY



ARCA:UVXY - Post by User

Post by MichaelRyan2on Mar 28, 2019 7:33am
22 Views
Post# 29546561

Tenx Short Position

Tenx Short PositionIf shorts panic and start covering Tenx could break $3 today!

here is accumulated short position that is now near 1M shares

based on recent video company only has 1.47M float

this stock popped 43% in PM on 30K shares...

imagine what a couple hundred thousand hitting the ask would do
with an even tighter float from increased institutional ownership that
been accumulating and waiting for $5-$10 , they are not daytrading it
like retail

I expect a number of retail peeps to sell dropping price from $2.60 I saw this morning
to $2.20-$2.30

an open below $2.10 would be highly dissappounting

hoping for an open around $2.30+ and $2.70 to be retested on open Market 

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