RE:RE:LIX Short SellingWhat happen it's just speculative gambling. When BCN news on January 31,2018 saying NextView deal was postponed then LIX trader gamble with this news. LIX shorter had a good shot of having this deal postponed aswell and because the trading price was so close to 2,61$ they were protected as there is not such thing for a short squeeze knowing the deal was set at 2,61$ so it was like having a loss protection about 4% but the reward was greater if the stock would fall if the deal was postponed.
The only issue here is there were too many short so pretty hard to cover before next week unless they are lucky and the deal is postponed again or cancelled.
It's more likely the deal goes thru.....otherwise NextView will loose 20 Millions dollars and they will look like fools!
Today looked like short covering followed by manipulation to drop it so they can cover again tomorrow and so on.
Cheers