RE:RE:RE:RE:-WORK IT- FOR THAT GREEN DAY.... Kronsteen wrote: When BAA jumped from 18 cents to 29 cents a couple of weeks ago, was that not a 'green day'? The reason for the green yesterday was, as you say, it is way oversold. The ETF will rue the day they sold those shares, which they only did because it fell below their (ridiculously inflexible) criteria. Simple technicality.
You're right Kronsteen.
According to the news Monday morning, there was no change in plans as was announced on August 18. At this news, the stock had rapidly increased to 0.30, as the market was encouraged. Now then drop that there is no change. Yes, he talks of rebalancing, but the rest of Friday exaggerated in my opinion.
As of September 15, there were still 3.2 million shorts. Now that the price is between 0,165 and 0,185, how many has he yet shorts? It's only a matter of time before we see the title go up.