GREY:NMKEF - Post by User
Comment by
francoiscnon Jun 18, 2018 10:42am
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Post# 28185599
RE:to Anon
RE:to AnonThere isn't much you can do unless you're willing to risk a lot of capital. There is the defensive move of putting a large bid to prevent the price from going lower (and forcing the short to cover higher). And then there is the offensive move of buying the ask and beyond to hit the "walls" the shorts put, forcing them to have a larger than intended short position.
Given that the shorts are dumping 300 to 600k shares all at once to kill any bounce or resistance, it makes resisting their attack pretty hard as it is clearly a big player doing the work at the moment.