RE:Red everyday CaptainConn wrote: Same pattern everyday. Start down, rally a bit, then back to new lows, and finish the day at the day low. A lot of strategic sales of 10k shares at a time. I continue to hold my short position. Expecting new 52 week lows. GLTA who remain long
This is the great thing about stocks:
Short sellers can pile on a name and pressure the share price to make a tidy profit.
I can buy shares while they are on sale and let my DRIP accumulate extra shares each and every month until the shorts move on or go long. I grow my passive income until I achieve an eventual capital gain.
I have never understood the winner/loser zero sum game mentality.
Have a great weekend all!