GREY:CHALF - Post by User
Comment by
Abass71on Jan 18, 2019 9:41am
63 Views
Post# 29250453
RE:RE:RE:RE:RE:RE:RE:Shorts....
RE:RE:RE:RE:RE:RE:RE:Shorts....The spike in shorts happened in Nov 2017 when the stock was close to .50.
It was over 22 mil.
let say the majority sold at .44 with 14 mil left that's a profit of $4.2 mil that those shorts are sitting on.
Every penny that they take it down is another $140k profit on paper - but they have to buy to lock it in.
When you are sitting on a profit like that - you can get pretty cocky.