RE:RE:RE:shorters panic day...Exactly, shorters probably know more than most or all of us. Most logical effluent shorters probably have one or more of the following in their favor compared to the typical retail investor:inside info(quarterly low grades/low ounces), technical keenness of the company/industry and plenty of buying power to persuade a stock price's direction. Also, a large quantity of short positions are purely there as a hedge and nothing more sinister than that. >
Jim12345 wrote: It doesn't really matters... shorters made tons of cash by now... they know the pulse better than anyone else...
Smittle wrote: The pain is just beginning for the PVG shorters. It's about to get ugly. Real ugly.
sailor8 wrote: may have to do something with margin concerns of the brokers, where they borrowed 11 million PVG shares and sold them short on open market.
| Short Interest (Shares Short) | 11,090,000 |
"In response to extreme market volatility and substantially increased risk sentiment on the markets" the brokers may have made some new requests to the shorters margin accounts.
In such a case todays rally was only the beginning of a rat race for the shorters, who all want to run through a very tiny tight exit door. They
must buy back 11 million PVG shares for delivery to their brokers.