OTCPK:NCNNF - Post by User
Comment by
xelanitramon Apr 16, 2019 3:27pm
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Post# 29635070
RE:Me thinks Shorts may be in trouble
RE:Me thinks Shorts may be in troubleEarly evidence is that this didnt relate to short sellers. IIROC CSPR will confirm actal positiins next week, but today's IiROC summary shows combined shorts+covers for past two weeks HALVED from ~28% to ~14%. That's not a lot of activity. If confirmed by CSPR, shorts aren't seeing down side here, which is good (albeit they obviously missed out). On the other hand, it's not primed for a rebound from shorts covering. No, this seems like a simple case of impatient retail investors. There's the "bitcoin" group who buy into runs, then bail in confusion at why their rocket emojis arent launching. Then, there's surely some who bought low, missed the peak, and panic-sold when it hit their break-even. There's all sorts. I suspect they were mostly existing retail investors, though - not short-sellers (IIROC CSPR to confirm). Anyways, it happened...and created what I feel is an excellent entry point, now.