Post by
CammerRec on Jul 09, 2021 3:57pm
Buying panic as shorties run for the door?
We are up about 7% on increasing volume near the close. Someone knows something? Or are the shorties starting to panic? I go with the later!
I have seen this before years ago with the old Dryships-a beaten down shipper that according to some shorties were convinced that it was a "sure thing". Well and behold someone/s came along and wanted to buy it.
Well low and below as it soared the shorties realized that unlike us longs,who can only lose what they put in;!there is no limit as to what shorties can lose as the stock soars and longs don't want to sell as it is going up.
i think the same thing is going to happen here with us. Buckle up we blast ott!
Comment by
cyrustg on Jul 09, 2021 4:01pm
I remember that ! Went from about $3.50 to $90.00 plus in a couple of days It was crazy !! Ciao
Comment by
Timberdoodle on Jul 09, 2021 7:02pm
Things might get complicated for Shorts in a not too distant future.... & it's not an IF it's a WHEN !